Binance’s PoR System Promotes Transparency
The post Binance’s PoR System Promotes Transparency appeared first on Coinpedia Fintech News
Binance, the largest crypto exchange, released its Proof-of-Reserves system to demonstrate its ability to cover assets for one. The exchange said that they hold purchased tokens until users sell or swap them. BNB holds user assets 1:1 has reserves and emergency funds with zero debt. The online exchange clarified the Proof-of-Reserves excludes their corporate holdings and implemented a Merkle Tree for users to verify their asset holdings.
