Secure delivery of auditable reserve holdings to on-chain
For a comprehensive illustration of utilizing Orakl Network's Proof of Reserve, refer to the example repository of the data-feed-consumer. The on-chain implementation for Proof of Reserve mirrors that of the Aggregator and the Aggregator Proxy.
What is Proof of Reserve?
The Orakl Network's Proof of Reserve (PoR) stands as a vital element in fostering trust and transparency within the financial ecosystem of Orakl Network. Playing a pivotal role, PoR is dedicated to the validation of reserve holdings for financial entities through a secure and auditable procedure. The GPC Proof of Reserve refers to a reserved quantity of non-fungible tokens (NFTs) issued specifically for Gold Pegged Coin.
The Proof of Reserve (PoR) in Orakl Network is realized through two key smart contracts: Aggregator and AggregatorProxy. These contracts form a pair, representing a specific data feed, and enable continuous access to the reserve holdings. The Aggregator receives regular updates from off-chain oracles, ensuring accurate and up-to-date reserve information. The AggregatorProxy serves as a consistent API for accessing the submitted data.
For a detailed understanding of PoR and its integration, refer to the Orakl Network Data Feed documentation. This documentation provides comprehensive insights into the architecture, reading procedures, and the relationship between Aggregator and AggregatorProxy, enhancing your grasp of PoR functionality.