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Proof of Reserves Explained by CertiK
Proof of Reserves is a hot and important topic across crypto and Web3. More and more major exchanges and projects are implementing ways to transparently show their assets reserves. Users want to see Proofs of Reserves to gauge the security and solubility of projects.
Learn how to understand Proof of Reserves in just one minute from CertiK!
After the #FTX scandal, Proof of Reserves has been a major topic of discussion..
— CertiK (@CertiK) January 31, 2023
How well do you understand #ProofOfReserves and why is it such an important topic?
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What is CertiK:
CertiK is a blockchain security firm that helps projects identify and eliminate security vulnerabilities in blockchains, smart contracts, and Web3 applications using its services, products, and cybersecurity techniques.