Bitso's first step towards the proof of solvency was generating its own Merkle Tree with our proof of liabilities. This Merkle Tree continues to be used to issue the zk-proof but with some structural changes.
Now, instead of providing a full Merkle Tree with liabilities to all Bitso's customers, each customer will be able to download only its part with the liabilities to their own balance in BTC and ETH.
This change was made to improve the privacy of our users' data. By limiting access to the Merkle Tree, we reduce the risk of leaking sensitive data from our customer base.
- Learn more about Merkle Trees here: What is a Merkle Tree?
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