One of the leading crypto-money platforms I BlockstreaThe tool, which is known as proof-of-reserves and proves the accuracy of the reserves of the crypto money exchanges, has begun to work on a much safer model. Blockstream also announced that it would make it open source to get the feedback and comments needed by the vehicle in question.
This process, which works differently for each crypto money exchange, requires the stock market to move all its reserves, which is a serious security risk. Blockstream's tool is based on ve tried and tested methods a already in use. This significant change in the Proof-of-reserve vehicle will enable the crypto money exchanges to prove how much of the stock market is actually owned by the stock market, and without any risk of security, without any movement.
The largest move according to the new method requires the creation of a process in which all the Bitcoin UTXO (Unprocessed Transaction Output) of the crypto currency exchange is spent, creating an extra invalid entry. Invalid input directly overrides the entire process, but it can still be taken as evidence.
However, the stock exchanges still show a list of all UTXOs in their hands, which is still a risk, and Blockstream has announced that it will work on this issue. The company has recently announced that it could bring more privacy to the crypto-money exchanges using the Liquid platform it released and that the stock exchanges would no longer have to show all of their funds in a way that would pose a security risk.
Blockstream Platform Makes Open Source a Very Popular App! Ali Emre KONAKÇI is the author of the article and published on koinbulteni.com.