Building a practical crypto trust stack
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PoR is a starting point, but real trust needs:
1️⃣ Solvency proof – assets ≥ full liabilities (Merkle or zero-knowledge proofs help).
2️⃣ Operational controls – key management, access permissions, incident response, custody workflows.
3️⃣ Liquidity & encumbrance transparency – can assets be converted to cash during a run?
4️⃣ Governance & disclosure – custody frameworks, conflict management, consistent reporting.
PoR helps, but accountability, solvency, and control are what users actually need.