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Episode 257: Proof of Solvency with Kostas Chalkias
Zero Knowledge
Is This for Proof of Assets or Proof of Liability?
The Mercaltry approach is usually for proof of liabilities. And I will explain why we need Mercal trees there. The fact that you know you have a construction that in a zero knowledge proof way is adding the balances correctly up to some root is not enough. We'll explain about some new findings we had in the previous, this year actually financial crypto conference That we revealed that all of the proof of liabilities that at the moment, most of the major exchanges, those who support it offer, they have vulnerabilities.
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