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…This auditor is able to identify and certify all balances held by the exchange’s clients and aggregate them into what is called a Merkle Tree.Read more about PoRWhat is a Merkle Tree?A Merkle Tree is an anonymized proof of client balances, allowing anyone to cryptographically verify that the exchange holds their funds and that their account balances are included in the PoR. The Merkle Tree is created and maintained by the independent auditor.How to verify your fundsCrypto.com’s PoR verifica…
Learn More…This auditor is able to identify and certify all balances held by the exchange’s clients and aggregate them into what is called a Merkle Tree.Read more about PoRWhat is a Merkle Tree?A Merkle Tree is an anonymized proof of client balances, allowing anyone to cryptographically verify that the exchange holds their funds and that their account balances are included in the PoR. The Merkle Tree is created and maintained by the independent auditor.How to verify your fundsCrypto.com’s PoR verifica…
Learn More…This can help reassure customers that the company is sufficiently liquid and solvent, and that the funds are accessible to the customers should they choose to withdraw. In light of recent developments in the crypto industry, PoR is crucial to: Provide transparency to customers on the availability and backing of funds.Enhance trust by allowing each customer to independently and cryptographically verify that their account balances are included in the PoR. How Is a PoR Conducted? PoR consists of …
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