Proof of Reserves: The Key to Building Trust in the Cryptocurrency Industry

After a significant trust crash following the collapse of FTX three years ago, the cryptocurrency industry is facing continued questions of transparency and accountability. As markets demonstrate resilience despite volatility, a focus on verifiable reserves and clear accountability has become crucial. Recent regulatory developments, renewed interest in proof-of-reserves (PoR), and industry efforts to standardize practices point towards a critical period for fostering confidence within the rapidly evolving blockchain ecosystem.