On The Brink with Castle Island cover image

Weekly Roundup 02/04/22 (Wormhole hack, PoR is back, Boston Fed pilots a CBDC, TX miners shut down) (EP.282)

On The Brink with Castle Island

00:00

Cryptocurrency Proof Reserves

How exactly do you conduct a proof reserve? This's a couple of different ways. Cryptographically attesting to your ownership of certain assets on chain is relatively easy. The complex part is summing up all the liabilities so the user posits, and then proving to the users that they're included in that liability set. So i think if you're a major exchange and your custodying a lot of client funds, this is something you should absolutely consider doing as we go forward here.

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