LBank to Publish Auditable Merkle Tree and Proofs of Reserves

Lbank, a leading cryptocurrency exchange, has blazoned its plans to publish an auditable Merkle tree and evidence of reserves for its guests. The move is aimed at adding the liquidity and translucency in the cryptocurrency request.

The advertisement was made by Lbank’s authorMr. Julian Hosp on June 1st in a Facebook post. He said that the company will be publishing the results of its inspection on June 6th, 2018, which will include an auditable Merkle tree and evidence of reserves. The company also intends to modernize its guests with streamlined information about their balances, deposits or recessions as well as any other applicable data related to their accounts.

This step is significant because it shows that the cryptocurrency request is getting more regulated and transparent as it continues to grow over time. It also means that there's further trust between buyers and merchandisers as well as between exchanges themselves. In fact, some experts believe that this may indeed lead to increased demand for cryptocurrencies by druggies who want lesser security when making deals online or through mobile apps like Apple Pay or Google Pay