KuCoin has always provided industry-leading verification solutions to protect asset security and enhance asset transparency.
Third-party independent institutions verify that all user assets correspond to 1:1 real reserves on the chain.
What is PoR (Proof of Reserves)?
Proof of reserves is a widely used asset audit method, which is used to prove that the audit object’s reserves on the chain completely cover all assets in its internal user books.
Use the “Merkel tree” data structure to generate and securely encrypt user asset data, and sum all node data to get all user assets.
Due to the non-tampering and traceability of the data, each user can easily verify the reliability of the data.
Verify the ownership of the wallet address on the chain and the total amount of wallet assets.
The asset reserve ratio of the platform is verified by comparing the total assets of the exchange users with the total assets in the published on-chain wallet addresses.
Please click "Introduction of KuCoin", if you want to know the details and the company information of KuCoin.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...