In this episode, Kraken chief product officer Jeremy Welch joins the show to cover Kraken's newly announced Proof of Reserve procedure. In this episode:
- Why bring back PoR?
- What distinguishes today’s proof of reserve from the procedure Kraken undertook back in 2015
- Why haven’t exchanges done PoR historically?
- What Kraken’s PoR actually proves to depositors
- The role of Armanino in Kraken’s PoR
- What happens when a depositor verifies their PoR
- How Kraken protects user privacy in PoR
- The trustlessness of the PoR procedure
- What regulators can gain from a PoR
- How Kraken clients can benefit from PoR
- How Jeremy expects other exchanges to react
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See more on Kraken's PoR here
