What is Proof of Reserves (PoR)?
Proof of Reserves is a method used to prove that a platform actually holds the assets it claims to have on behalf of its users, and that it has sufficient funds to cover all user assets and deposit liabilities.
Through cryptographic attestation, WEEX proves the existence of its assets on the blockchain, providing transparent insight into net user holdings without needing to expose the underlying data. This means that WEEX is able to prove the authenticity of its holdings and still uphold the confidentiality of individual account information.
PoR represents an essential cornerstone within the cryptocurrency trading ecosystem, fortifying trust and accountability among stakeholders.
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