MerkleTree
236 views
3 Discussing
Hot
Latest
The Merkle Tree ensures blockchain data integrity by organizing transactions into a hierarchical structure of cryptographic hashes. Used by Bitcoin (BTC), it allows efficient verification of large datasets. Each transaction is hashed, paired, and hashed again until a single root hash is created, stored in the block header. Ethereum (ETH) and $VET $VELODROME
VeChain (VET) also rely on Merkle Trees for data consistency. This structure enables quick validation of transactions without downloading entire blocks, ideal for light clients. If data is altered, the root hash changes, signaling tampering. VET’s supply chain use cases benefit from this, ensuring transparent tracking. However, Merkle Trees require careful implementation to avoid hash collisions. ETH’s state trie, a Merkle variant, manages account data. $BTC
BTC’s simplicity ensures robust integrity. Merkle Trees are critical for secure, scalable blockchains.
#MerkleTree #Blockchain #DataIntegrity #Crypto #Security
VeChain (VET) also rely on Merkle Trees for data consistency. This structure enables quick validation of transactions without downloading entire blocks, ideal for light clients. If data is altered, the root hash changes, signaling tampering. VET’s supply chain use cases benefit from this, ensuring transparent tracking. However, Merkle Trees require careful implementation to avoid hash collisions. ETH’s state trie, a Merkle variant, manages account data. $BTC
BTC’s simplicity ensures robust integrity. Merkle Trees are critical for secure, scalable blockchains.
#MerkleTree #Blockchain #DataIntegrity #Crypto #Security
Claude Shannon revolutionized secure communication in 1949 with his work on information theory, providing the mathematical foundation for cryptography. He introduced concepts like entropy, measuring information unpredictability, and proved that perfect secrecy is achievable with one-time pads. Shannon’s work was driven by the need for secure communication during World War II and beyond, addressing vulnerabilities in data transmission.
Decades later, Ralph Merkle built upon Shannon’s principles by solving practical issues in data integrity and verification. In 1979, Merkle introduced Merkle Trees, a cryptographic structure that ensures efficient, tamper-proof verification of data blocks. By organizing data into a tree-like structure, it became possible to validate large datasets without needing the entire data, a breakthrough essential for blockchain and modern cryptographic protocols. #CryptoHistory #MerkleTree
Decades later, Ralph Merkle built upon Shannon’s principles by solving practical issues in data integrity and verification. In 1979, Merkle introduced Merkle Trees, a cryptographic structure that ensures efficient, tamper-proof verification of data blocks. By organizing data into a tree-like structure, it became possible to validate large datasets without needing the entire data, a breakthrough essential for blockchain and modern cryptographic protocols. #CryptoHistory #MerkleTree
Unmasking Proof of Reserves: Your Assets, Your Transparency! 🔍💰
Click Here To claim Proof of Reserve
👤 Newbie: Hold on… How do I really know Binance is holding my assets safely? 🤔
📢 @BHEEM_BONG : Simple, my friend! Binance’s Proof of Reserves (PoR) system lets you verify your funds independently. No guessing—just pure, transparent blockchain magic. 🚀
👤 Newbie: Okay, but how does it actually work?
🔥 @BHEEM_BONG Let’s break it down into 4 key steps:
✅ 1. Verify Binance’s Ownership of Wallets
Binance ensures that all wallets—whether hot or cold storage—are actually owned by Binance and used to back user reserves. No funny business! 🔐
✅ 2. Snapshot of Your Balances
At a specific date & time, Binance captures a snapshot of your account balance. This is locked in and forms the foundation of your verification. 📸
✅ 3. Zero-Knowledge Proof (zk-SNARKs)
Sounds complex? It is! But here’s the simple version: Binance creates a cryptographic proof (zk-SNARKs) that lets you verify your funds without exposing private data. 🕵️♂️
✅ 4. The Merkle Tree Magic 🌳
Your account balance gets hashed and added to a Merkle Tree—a blockchain structure where every user’s data is linked. If anyone tries to mess with the records, the whole tree changes, ensuring absolute transparency!
👤 Newbie: So I can check my own balance in this system?
🔥 @BHEEM_BONG YES! Here’s how:
🔍 Go to the PoR Page
📅 Select your verification date
🔢 Find your Record ID & Merkle Leaf
✅ Use this data to confirm your balance in the auditor’s report
👤 Newbie: Whoa, so I can independently verify that my funds are safe?
🚀 @BHEEM_BONG Exactly! No more blind trust—just on-chain proof. Binance is setting the standard for transparency in crypto.
👤 Newbie: Alright, I’m sold! Where do I check my Proof of Reserves?
👉 Head to Binance’s PoR Page & verify your funds NOW!
#CryptoTransparency #proofofreserve #MerkleTree #BinancePORTAL #zkSNARKs
👤 Newbie: Hold on… How do I really know Binance is holding my assets safely? 🤔
📢 @BHEEM_BONG : Simple, my friend! Binance’s Proof of Reserves (PoR) system lets you verify your funds independently. No guessing—just pure, transparent blockchain magic. 🚀
👤 Newbie: Okay, but how does it actually work?
🔥 @BHEEM_BONG Let’s break it down into 4 key steps:
✅ 1. Verify Binance’s Ownership of Wallets
Binance ensures that all wallets—whether hot or cold storage—are actually owned by Binance and used to back user reserves. No funny business! 🔐
✅ 2. Snapshot of Your Balances
At a specific date & time, Binance captures a snapshot of your account balance. This is locked in and forms the foundation of your verification. 📸
✅ 3. Zero-Knowledge Proof (zk-SNARKs)
Sounds complex? It is! But here’s the simple version: Binance creates a cryptographic proof (zk-SNARKs) that lets you verify your funds without exposing private data. 🕵️♂️
✅ 4. The Merkle Tree Magic 🌳
Your account balance gets hashed and added to a Merkle Tree—a blockchain structure where every user’s data is linked. If anyone tries to mess with the records, the whole tree changes, ensuring absolute transparency!
👤 Newbie: So I can check my own balance in this system?
🔥 @BHEEM_BONG YES! Here’s how:
🔍 Go to the PoR Page
📅 Select your verification date
🔢 Find your Record ID & Merkle Leaf
✅ Use this data to confirm your balance in the auditor’s report
👤 Newbie: Whoa, so I can independently verify that my funds are safe?
🚀 @BHEEM_BONG Exactly! No more blind trust—just on-chain proof. Binance is setting the standard for transparency in crypto.
👤 Newbie: Alright, I’m sold! Where do I check my Proof of Reserves?
👉 Head to Binance’s PoR Page & verify your funds NOW!
#CryptoTransparency #proofofreserve #MerkleTree #BinancePORTAL #zkSNARKs
Login to explore more contents