Binance releases its Proof-of-Reserves mechanism However, its Merkle Tree mechanism has been met with criticism In the wake of the FTX‘s collapse, Changpeng Zhao (CZ), the CEO of Binance, issued a clarion call where he urged exchanges to demonstrate their reserves. After most CEXes followed his direction, Binance released its Proof-of-Reserve (PoR) mechanism on 25 […]Binance releases its Proof-of-Reserves mechanism However, its Merkle Tree mechanism has been met with criticism In the wake of the FTX‘s collapse, Changpeng Zhao (CZ), the CEO of Binance, issued a clarion call where he urged exchanges to demonstrate their reserves. After most CEXes followed his direction, Binance released its Proof-of-Reserve (PoR) mechanism on 25 […]
