US dollar-cryptocurrency exchange XREX released a beta version of its Proof of User Digital Asset Balance on December 30th, allowing users to directly verify on the XREX app via Merkle tree. With a user-friendly self-verification process, users can ensure that their digital assets are properly accounted for and safeguarded by… Read More
美金-加密貨幣交易所 XREX，在 30 日發布「用戶數位資產總數證明」(Proof of User Digital Asset Balance) 測試版，導入默克爾樹 (Merkle tree，又稱雜湊樹） 演算法技術，所有的 XREX 用戶都可以直接在 XREX app 上，驗證自己的數位資產是否被交易所計入並妥善保管，沒有挪用做其他用途。 Read More
This article was first published on November 22, 2022 on tw.xrex.io in Mandarin Once among the world’s top three exchanges, FTX suddenly went bankrupt, leaving a gap between liabilities and assets of more than US$9 billion. Retail investors in cryptocurrency, Web3 venture capitals, institutions, and banks around the world lost their money… Read More
This article was first published on November 22, 2022 on tw.xrex.io in Mandarin As we have discussed in a previous article titled “Proof of Solvency Rather Than Proof of Reserves Will Demonstrate User Assets Have Not Been Misappropriated,” a valid proof of custodial asset solvency is necessary for an exchange to prove… Read More
