Cryptocurrency data aggregator CoinGecko has announced plans to incorporate Proof of Reserves (PoR) into its Trust Score 3.0 methodology for centralised cryptocurrency exchanges.
In a move aimed at raising industry accountability standards, centralised cryptocurrency exchanges will be able to show transparency as regards their assets and liabilities.
Update in two phases
The update will be implemented in two phases. The first phase, which has already been completed, assigns a weightage of 1 point out of a maximum of 10 points in the Trust Score for exchanges that disclose publicly verifiable assets.
The second phase, scheduled for Q4 2023, will encompass Proof of Liability (PoL) and will assign a higher weightage for PoR in the Trust Score methodology.
PoR tracking
CoinGecko first started tracking PoR on November 15, 2022, with the introduction of an ‘Exchange Reserves’ tab on each centralised cryptocurrency exchange’s page. This information is now reflected in the new ‘
We współpracy z: https://cryptodaily.co.uk/2023/01/coingecko-update-incorporates-proof-of-reserves-data
