Proof of Reserves
Mechanism showing custodian holds claimed assets
Proof of reserves increases transparency regarding asset backing. However, it does not eliminate operational or insolvency risk. It should be treated as one risk signal among many.
Mechanism showing custodian holds claimed assets
Proof of reserves increases transparency regarding asset backing. However, it does not eliminate operational or insolvency risk. It should be treated as one risk signal among many.
Transaction recorded directly on a blockchain
Difference between explicit fee and embedded spread
Transfer of funds to merchant account
Interface connecting checkout to processor
Percentage fee charged per transaction
Validation that a transaction is included in a block