Proof-of-reserves shows assets at a single point in time, but it does not prove solvency, liquidity or sound governance. Here is what PoR misses and what real trust looks like.
At its core, proof-of-reserves is a public demonstration that a custodian holds the assets it claims to hold on behalf of users, typically using cryptographic methods and onchain transparency.
If every crypto exchange can publish a proof-of-reserves (PoR) report, why can withdrawals still be delayed or halted during a crisis?
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