Introducing Proof-of-Reserve Exchange Metrics
We introduce an array of proof-of-reserve metrics to easily monitor the balances of exchanges' on-chain reserves held in self-reported addresses.
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We introduce an array of proof-of-reserve metrics to easily monitor the balances of exchanges' on-chain reserves held in self-reported addresses.
In the following, I describe two fundamental flaws of existing Merkle Tree proof-of-reserve methods and offer some ideas on how to improve them.
After the FTX and Binance saga, crypto exchanges are left scrambling to publicly release their proof-of-reserves audit; some have done so, some intend to.
Following the epic meltdown of one of the biggest players in crypto, some within the industry are calling for “proof of reserves” to provide greater transparency.
After last week’s FTX debacle, customers who don’t wish to take custody into their own hands should demand far better from their service providers.
Proof of Reserves is the idea that custodial businesses holding cryptocurrency should create public facing attestations as to their reserves.
PROOF of STAKE by Vitalk Buterin is out on September 29th 2022
Blockchains use consensus algorithms to choose who gets to verify transactions on the network — what are the differences between the two?
Compared with PoW, PoS is a better blockchain security mechanism.
Compared with PoW, PoS is a better blockchain security mechanism.