Sergey Nazarov (@sergeynazarov) 's Twitter Profile
Sergey Nazarov

@sergeynazarov

Co-founder of @Chainlink: industry-standard for creating the verifiable web and bringing the whole world onchain. We're Hiring: chainlinklabs.com/careers

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linkhttps://chain.link/ calendar_today10-06-2009 22:03:05

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Sergey Nazarov (@sergeynazarov) 's Twitter Profile Photo
Sergey Nazarov
@sergeynazarov

2 months ago

Proof of Reserves creates both transparency and security. It publicly shows the reserves backing a stablecoin, while also being used to make sure that no additional coins are minted unless the reserves in the off-chain world/bank account match the newly minted coins. This create