Technical Implementation of Proof of Solvency
An audit tool to find proof of liability and proof of reserve
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Problem Statement
Auditors face challenges auditing a crypto exchange with large data sets. At the same time, we have seen some famous crypto exchanges getting bankrupt and sometimes giving wrong info on their balance sheet. They were also observed swiping cryptos without letting the User know about it since they manage users' custodial wallets. So for an audit firm its their responsibility to audit this in real-time.
Solution
Making perfect frontend: could not doMaking Markle tree solution for the large data set: made our own algorithmMaking proof of reserve and proof of liability at the same time: making an algorithm on our own and this became our own differentiator and this is a better solution than others.
Hackathon
ETHIndia 2022
2022