👀 Blockstream’s tool to prove the exchanges’ reserves goes open source

Bitcoin ($BTC) technology company Blockstream is open sourcing its Proof-of-Reserve tool for increased transparency. Most proof-of-reserve operations require substantial transactions that put exchanges at high security risks. Blockstream's innovative tool uses common sense and UTXO values to prove the extent of reserves. However, revealing UTXO values themselves is not a safe method, a problem Blockstream is currently working to rectify.