📚 🔒 What is "Proof of Reserves" in Cryptocurrencies?

The Proof of Reserves is a mechanism that allows users to verify that an exchange holds the funds it claims to have.

🔵 Benefits:

Transparency in funds.

Reduction of insolvency risk.

It uses technologies such as Merkle Trees to validate balances without compromising sensitive information.

👉 Do you trust the exchanges you use? Would you like to see their proof of reserves? 👇

If you are interested, just follow me for the latest information, leave a comment, and I will get in touch with you.

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