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Join date : 2022-10-27
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 Merkle tree and proof of reserves  Empty Merkle tree and proof of reserves

Mon Nov 21, 2022 1:31 pm
Due to the FTX blunder, the whole market is scared of the outcomes. A negative connotation has appeared with the name crypto due to which many exchanges are now starting the proof of reserves by the Merkle tree method. A Merkle tree is a data structure that is used in computer science applications. In bitcoin (BTC) and other cryptocurrencies​, Merkle trees serve to encode blockchain data more efficiently and securely. They are also referred to as "binary hash trees." As twitted by CZ@binance, they will start to do proof-of-reserves soon. Full transparency.
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