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The "Proof of Reserve" (Exchange reliability)

broken image

🚩🚩Proof-of-reserves is basically a fancy way of saying: “Hey, here’s proof that we have what we say we have.”
After the breakdown of some crypto exchange someone of them propose the "the proof of (their) reserve" as possible warranty solution.
🚩Are you agree with this new perspective? 🧠🚀
#blockchain #crypto #wallet #bitcoin

https://www.coindesk.com/business/2022/11/09/crypto-exchanges-scramble-to-compile-proof-of-reserves-as-ftx-contagion-grips-markets/

 

 

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