FinTech

Proof Of Reserves For Off-chain And Cross-chain Belongings

Binance moved to quell concerns over its state of finances by drafting the South African arm of the worldwide audit, tax, and advisory agency Mazars to arrange an extra proof of reserve report. One approach to execute an attestation is through a PoR protocol that uses a Merkle Tree proof to integrate large quantities of knowledge into a single hash and confirm the integrity of the information set. In this text, we’ll break down what Chainlink Proof of Reserve (PoR) is and how it helps provide s

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