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How Proof Of Reserve Works?

CoinGape LogoCoinGape2 mo ago

How Proof Of Reserve Works? - CoinGape

Quick Summary:

According to statements made by Changpeng Zhao, CEO of Binance, on November 9, “all crypto exchanges should do Merkle-tree proof-of-reserves.

The phrase “Proof of Reserve” originated as a result of the failure of cryptocurrency exchange FTX.

Banks run on fractional reserves, Crypto exchanges should not.


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Article Details

Author / Journalist: Nishant Shukla

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-27 @ 12:59:31 (2 months ago)

News Timezone: GMT +8:00

Ranking: #505 (out of 1641 stories this day)

News Source URL: coingape.com

Language: English

Article Length: 458 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 1974537

View Article Analysis

About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 5 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "How Proof Of Reserve Works?" has 458 words across 32 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Which news outlet covered this story?

The story "How Proof Of Reserve Works?" was covered 2 months ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 5 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #1974537
  • URL: https://beamstart.com/news/how-proof-of-reserve-works-16695549806112

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