Proof-of-Reserve (PoR) Definition

Proof-of-Reserve (PoR)

Definition of what Proof-of-Reserve (PoR) stands for (in finance):

A transparency mechanism used by cryptocurrency exchanges to prove they hold sufficient assets.

More Term Definitions

• Startup Phase Definition
• Proof-of-Activity (PoA) Definition
• Blockchain Definition
• Fiat Currency/Fiat Money Definition
• Single Sign-On (SSO) Definition