What is Proof of Reserves?
Proof of Reserves (PoR) is a fundamental mechanism that ensures custodians maintain sufficient funds to cover all user assets and deposit liabilities, guaranteeing the platform's solvency.
Through advanced cryptographic attestation, WEEX demonstrates the existence of specific assets on its blockchain at any given moment, providing transparent insights into aggregate user balances. This process upholds the confidentiality of individual account information.
PoR is an essential cornerstone of the cryptocurrency trading ecosystem, enhancing trust and accountability among all stakeholders.