Proof of Reserves
- All Crypto Exchanges should implement a way to prove a 100% coverage of customer assets (Proof of Reserves)
- With the transparecy of blockchains that is the least they should do.
- In addition, an audit can provide a complete picture of the financial situation of an exchange
- With Merkle Tree Proofs users can check if their account balance is included in the latest snapshot
- Starting 2023 blockchaincenter.net will only recommend exchanges that do at least a Proof of Reserves