Binance publishes official Merkle Tree-based PoR
Binance, the largest crypto exchange by trading volume, has announced the release of its Bitcoin proof-of-reserves, showing that it currently holds more than 585,000 BTC. The Changpeng ‘CZ’ Zhao-led crypto exchange’s new proof-of-reserve (PoR) system uses the Merkle Tree data structure, which makes it possible for users to verify its BTC holdings. The new PoR system is billed to be “the next step in its “commitment to transparency and fostering trust in the ecosystem.” The move comes two week...
Binance publishes official Merkle Tree-based PoR
Binance, the largest crypto exchange by trading volume, has announced the release of its Bitcoin proof-of-reserves, showing that it currently holds more than 585,000 BTC. The Changpeng ‘CZ’ Zhao-led crypto exchange’s new proof-of-reserve (PoR) system uses the Merkle Tree data structure, which makes it possible for users to verify its BTC holdings. The new PoR system is billed to be “the next step in its “commitment to transparency and fostering trust in the ecosystem.” The move comes two week...
