Binance releases its proof of reserves system

Binance’s proof of reserves system initially shows results for the flagship cryptocurrency Bitcoin.
The crypto exchange will add other tokens and networks as well as implement ZK-SNARKs.
Crypto exchanges are looking to show they have the assets they should hold after the shocking collapse of FTX.Binance has published its proof-of-reserve (PoR) system, days after CEO Changpeng Zhao pledged to have the mechanism in place following the collapse of rival FTX.
The bankruptcy and the contagion