WHY THE LAUNCH OF THE PROOF OF RESERVE IS MORE OF GAINS THAN JUST A NAME.

MetaverseLawyer

New Member
Nov 6, 2023
1
1
There is no doubt the crypto space has seen more gains than losses since the birth of the idea of PoR. Records on CMC, Coingecko and most top crypto news and aggregators have shown that most top tier CEXes have already launched the concept and the current trend is monthly publishing of audit. While waiting for most exchanges to publish theirs for this month; Bitget was swift to publish theirs and have subsequently announced a strong reserve ratio of 199% touted to outperfom other major platforms atm

I feel with the way most exchanges are competitively working hard to keep their reserve healthy and secure, confidence could be reassured and more adoption could be on card, particularly as we are about to usher in a potential bull run.

It's also important these exchanges have a unified timeline for publishing their PoR so that we can do some comparative analysis. Perhaps, i may not be looking at the right direction and would appreciate where such info is collated for user consumption.
 
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CryptoPotato

New Member
Aug 26, 2023
2
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Bitget's proactive approach in publishing their Proof of Reserves is impressive. Their strong reserve ratio of 199% is a notable achievement and sets a high standard for others to follow. It's a positive step towards building trust within the crypto community and reinforcing confidence in the platform. Looking forward to seeing more exchanges following suit and continuing to enhance transparency and security in the crypto space.