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.
Online wallet connected to internet
Complete record of transaction and account events
Third party used for conversion and payout
Temporary rewrite of recent blockchain history
Rules for mismatched payment amounts
Distributed ledger recording transactions across a decentralised network