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The Rise of Proof-of-Reserves as a Core Exchange Standard Amid Bitunix’s $198M Fully Backed Asset Disclosure
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Startup InfoThe Rise of Proof-of-Reserves as a Core Exchange Standard Amid Bitunix’s $198M Fully Backed Asset Disclosure
Proof-of-reserves has become one of the most important transparency mechanisms in the cryptocurrency industry, but its origins trace back to a period when trust in centralized exchanges was repeatedly tested. The concept began gaining attention in the early 2010s, when exchanges started experimenting with cryptographic audits to demonstrate that customer deposits were fully backed by real assets. One of the earliest notable implementations came …
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