Proof of Reserves: Why Your Crypto Exchange MUST Have This

In light of recent events in the crypto industry, avid users of crypto exchanges have been questioning the safety of their assets.

Most cryptocurrency investors had always entrusted CEXs with their assets without pushing overly hard for transparency or performing verification to ensure that reserves were being maintained. After the FTX collapse, however, this implicit trust was shattered. In response, the call for proof of reserves has resurfaced.

In this video, let’s take a look at what is Proof-of-Rserves, how it works, and how it would benefit the central exchange users.

Links:
CoinGecko: https://www.coingecko.com/
GeckoTerminal: https://www.geckoterminal.com/
Article: https://www.coingecko.com/learn/what-is-proof-of-reserves-por

Timestamps:
00:00 Intro
01:00 What is Proof-of-Reserves (PoR)
01:47 What is Merkle Tree
02:50 Limitation on Merkle Tree
03:42 Implementing PoR in Custodial Institutions
04:54 How PoR Builds Users’ Trust
05:30 How To Track An Exchange’s PoR
06:20 Outro

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