Proof of Asset Reserves

Top.one transparent asset protection

1. What is a Merkle Tree?

The Merkle Tree is a data structure widely used in blockchain and distributed systems, with high efficiency, security and transparency. Its core is to compress a large amount of data into a hash value through a hash algorithm to form a binary tree structure containing a root node, an intermediate node and a leaf node. Each leaf node represents a specific data block. After layers of hash calculations, the integrity of all data is ultimately guaranteed by the root hash value. Data changes will change the root hash value, which makes the Merkle Tree highly credible in verifying the authenticity and integrity of data.

1. Advantages and principles of Merkle Tree

• Hierarchical structure: Organize data in a hierarchical manner, from leaf nodes to root nodes, any node changes will affect the hash value of the entire structure.

• Fast verification: By comparing the root hash value, it is possible to quickly verify whether any data block has been tampered with, and only a small amount of data is required for calculation to complete the verification.

• Efficient storage and expansion: No matter how large the amount of data is, the root node only records the hash value of the leaf node, achieving efficient storage and fast processing.

1. How Top.one uses Merkle tree technology to prove 100% asset reserves

To ensure asset security, Top.one has established a transparent asset protection mechanism and used Merkle tree technology to prove that there are 100% user asset reserves.

• Cold/hot wallet merger confirmation: The platform will uniformly account for the assets in the cold wallet and the hot wallet to ensure that their total amount is greater than or equal to the total user assets, and establish a wallet management mechanism internally to ensure the flexibility and security of fund allocation.

• User asset snapshot: The platform regularly takes snapshots of all users' assets, including relevant information such as fund accounts and contract accounts, and calculates the asset balance of each user.

• Generate Merkle tree for verification: Based on the snapshot, each user's unique identifier (UID) and the corresponding asset balance are hashed to generate a Merkle tree structure. Users can use the verification tools provided by the platform to confirm whether their assets are correctly recorded in the Merkle tree.

1. User asset transparency and securit

Top.one insists on technology as the core to provide users with an open and transparent asset protection system. Through Merkle tree technology, every user can participate in the supervision of platform assets, which not only enhances users' trust in the platform, but also demonstrates Top.one's high attention to user assets. In the future, Top.one will continue to improve the transparency mechanism, introduce more innovative technologies, and provide a safer and more stable trading environment for global users.

Disclaimer

The cryptocurrency market is high risk, and you need to understand the risks and assess your own situation before investing. You should seriously consider your investment experience, financial status, investment goals, risk tolerance, etc., and consult independent investment experts to make decisions. The information on this page is for reference only and does not constitute investment advice. Past returns do not represent future returns. The market value and returns of investment currencies fluctuate erratically, and you may lose investment funds. Investors are responsible for investment decisions, and Top.one is not responsible for possible losses incurred by investment. Top.one promises to comply with the requirements of local regulatory authorities and relevant laws and regulations, and reserves the right to modify, change or cancel this announcement for any reason from the regulatory authorities.

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