The cryptocurrency trading platform BitMEX has launched a proof of liability system, allowing depositors to verify liabilities themselves
ChainCatcher news, the cryptocurrency trading platform BitMEX has announced the launch of a Proof of Liability (PoL) system, which allows depositors to independently verify their liabilities on the total liabilities balance sheet of the cryptocurrency trading platform.
It is reported that the self-verification process can be conducted without a third-party auditor. Customer privacy will be protected as account balances are randomly divided into multiple leaves of a Merkle tree. Reserve and liability snapshots are released every Tuesday and Thursday respectively. (Source link)
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