February 2, 2023

Pinoy Trekker

Pinoy Trekker – We go anywhere

What are proof of reserve checks and how do they work? Via Cointelegraph

With the increasing interest of institutional and private investors in digital assets, custody options have also experienced parallel growth. As a result, different types of custody have evolved as the market has changed, and new providers are working to establish the structures and controls that are most effective for specific markets and offerings.

Self-custodial, exchanges, and third-party custodians are the various options available to users to protect their cryptocurrencies. Custodians in the world of digital assets operate in a similar way to traditional financial markets as their primary role is to care for and protect their clients’ assets by storing the private key on behalf of the asset owner and preventing unauthorized access.

Proof of Liabilities

Proof of reserves

Proof of solvency

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