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The world's most innovative crypto exchange center is here, where you can buy, trade and earn cryptocurrencies with hundreds of cryptocurrencies at your fingertips.

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Proof of Reserves
Proof of Reserves

XTBcoin guarantees it will hold 100% of users' assets in reserves and will publish its Merkle Tree proof, platform reserves, and platform reserve ratio on a monthly basis

What is proof of reserves?

'Proof of reserves' refers to an auditing procedure that is verifiable through cryptographic proofs, checks of public wallet ownerships, and recurring audits to certify the holdings of an exchange. The custodian provides transparency and proof of the existence of on-chain reserves and that the total amounts of those coins held and effectively at the disposal of the platform exceeds or is equal to the sum of all users' holdings of those coins. To achieve this, XTBcoin stores the hash of each user's account assets in a leaf node on the Merkle tree. Each user can verify that their funds are included in the Merkle tree by checking the total amount of users' assets stored in the Merkle tree leaf nodes.

If the total amount verified is greater than or equal to 100%, then the platform has proven that users' funds are indeed intact.

The open source code of the platform's proof of its 100% solvency program has been published to GitHub.

We are committed to maximum transparency
XTBcoin's principles are meant to prioritize our users. To ensure the verifiable safety of our users' assets, we will be fully transparent with all our platform's assets.
1. Take snapshots monthly and publish all wallet assets of the platform
2. Take snapshots of each user's assets monthly and desensitize for publication
3. Users can verify their assets in a few simple steps
Merkle Tree Basics
A Merkle Tree is primarily used to verify data integrity more efficiently. Each account is represented by an Acct node at the bottom, and the balances and account names of each account will be computed once with SHA256 encryption. The obtained hash value can be computed again with the adjacent one, and then layer by layer upwards until the hash calculation reaches the root of the Merkle tree. To verify whether the current reserves have been changed, the user only needs to follow the steps to make a hash calculation of their own account, find the position in the tree and the adjacent nodes, and then calculate the hash upward layer by layer until finally reaching the root of the tree calculated by the user. If it is consistent with the official announcement, then everything is accounted for.