Binance To Start Proof Of Reserves For Full Transparency – CZ

In latest developments, Binance CEO CZ, has recommended that all crypto exchanges should do merkle-tree proof-of-reserves. He further suggested that crypto exchanges should not run on fractional reserves, unlike banks.

CZ reassured his 7.3 million Twitter followers that Binance too would start proof-of-reserves for full transparency in order to avoid future doubts and concerns about the reserve balance.

All crypto exchanges should do merkle-tree proof-of-reserves.

Banks run on fractional reserves.
Crypto exchanges should not.@Binance will start to do proof-of-reserves soon. Full transparency.

— CZ Binance (@cz_binance) November 8, 2022

The post Binance To Start Proof Of Reserves For Full Transparency – CZ appeared first on CoinGape.

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