In an announcement on the Binance website, the exchange outlined how users can use the mechanism to verify its holdings. Currently, the only token available to verify through the Merkle Tree-based system is Bitcoin (BTC), though the announcement says additional coins will be added in the coming weeks.
It also highlighted upcoming transparency updates which include the involvement of third-party auditors to audit its PoR results and implementation of ZK-SNARKs in its PoR methods, among others.
Days after Binance announced its intention for PoR, it released the public details of its wallet addresses and on-chain activity.
Binance CEO Changpeng “CZ” Zhao tweeted