Bitmex launched a system that will allow all depositors to self-verify their liabilities in the crypto exchange’s total liability balance sheet.
The company’s “Proof of Liability,” or PoL, system does not use a third-party auditor and preserves client privacy via Merkle tree, a cryptographic data structure, according to a blog ក្រោយ on Bitmex’s website.
The update accompanies Bitmex snapshots of reserves and liabilities that are បោះពុម្ភ every Tuesday and Thursday.
To self-verify liabilities on Bitmex, users must download the latest liability snapshot and install an open-source tool from GitHub. The tool can be run from the Terminal application on Mac or Linux via a short series of commands. Bitmex depositors also have their nonces, arbitrary numbers allowing cross-references against the exchange’s published liabilities, available on their individual “My Account” pages.
An example output from BitMEX’s PoL process. Source: BitMEX
The new PoL system from Bitmex comes after the high-profile collapses of crypto exchange FTX and its associated trading firm, Alameda Research, which has បានលើកទឹកចិត្ត។ calls for greater transparency from centralized exchanges.
Bitmex បានអះអាង no exposure to FTX, its exchange token (FTT) or Alameda Research.
រក្សាសិទ្ធិគ្រប់យ៉ាងដោយឆ្នាំ ២០២០ ។ អត្ថបទនេះត្រូវបានផ្តល់ជូនសម្រាប់គោលបំណងព័ត៌មានតែប៉ុណ្ណោះ។ វាមិនត្រូវបានផ្តល់ជូនឬមានបំណងត្រូវបានប្រើជាច្បាប់ពន្ធការវិនិយោគហិរញ្ញវត្ថុឬដំបូន្មានផ្សេងទៀតទេ។
Source: https://www.theblock.co/post/191330/bitmex-to-allow-depositors-to-self-verify-liabilities?utm_source=rss&utm_medium=rss