Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow reports that Justin Sun responded on Twitter to CZ's suggestion regarding exchanges providing 100% proof-of-reserves Merkle tree audits, stating, "Historically, both Poloniex and Huobi Global have done this. Huobi actually completed one just about a month ago. But we are happy to respond to CZ's proposal and do it a third time. Proof-of-reserves via Merkle tree is 100% essential for transparency in our industry and for exchanges." Original link
Sun Yuchen responded on X to CZ's suggestion regarding exchanges implementing 100% proof-of-reserves with Merkle trees, stating, "Historically, both Poloniex and Huobi Global have done this before. In fact, Huobi just completed one about a month ago. But we are happy to respond to CZ's proposal and do it a third time. Proof-of-reserves with Merkle trees is 100% essential for our industry and exchange transparency."
Navigating Web3 tides with focused insights
