Why proof-of-reserves alone doesn’t build real trust

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?

Read more