/biz/ - Business & Finance

>>52730091
>One good example is proof of reserves, proof of reserves is a simple but very powerful addition to what Chainlink does where it can prove the state of assets. So if you’ve heard of stable coins or commodity coins or real world asset coins, those coins are usually connected to something off-chain and in the spirit of cryptographic truth, you probably want to know what the state of that thing off-chain is, right, or you also want to know what the state of the thing on the other chain is, which once again is just information. So proof of reserves can prove what’s going on with the stuff, basically, right, the assets, the assets that if they’re not there cause these massive solvency crises right, so it’s a really great system that if you’re building a stable coin, if you’re building a commodity coin, if you’re building any kind of real world asset coin, we have a lot of great work we’ve done in it and I invite you…