Binance Releases Proof-of-Reserves System
Binance has released its proof-of-reserves system, starting with bitcoin, in order to show that the exchange is healthy and solvent. From a report: This comes just weeks after rival exchange FTX collapsed, after seemingly swapping user funds for other, more illiquid tokens – eventually leading to a liquidity crisis. Binance’s goal is to show that it holds its users’ assets in the same tokens tha … ⌘ Read more