Chinese exchange OKCoin today released details of an audit to prove it holds 104.86% of the bitcoin reserves required to cover customer balances.
Going forward, the company will also seek to implement a cryptographic ‘ merkle tree ’ verification system, allowing users to verify for themselves that their account balance was included in the audit data.
Other China-based exchanges are busy working on audits of their own, following recent demand from the local community for the companies to be more […]
