Written by Brayden Lindrea⁠, Staff Writer. Reviewed by Felix Ng⁠, Staff Editor.

Written by Brayden Lindrea⁠, Staff Writer.

Reviewed by Felix Ng⁠, Staff Editor.

Dorsey’s Block unveils Bitcoin proof-of-reserves in transparency move

Latest NewsPublishedApr 28, 2026

Boosting Transparency in Crypto: The Rise of Proof-of-Reserves

As the world of cryptocurrency continues to evolve, one thing is clear: transparency is key. Recently, a major online payments firm unveiled a proof-of-reserves feature, allowing anyone to verify their Bitcoin holdings on the blockchain. This move is a significant step towards building trust in the industry, and it’s not just limited to experts – it matters to everyday people who want to earn and invest in crypto, including those interested in Passive Income and Cloud Rewards through platforms like EcoPool.

The proof-of-reserves feature is simple yet powerful. It enables users to independently confirm a company’s Bitcoin holdings through on-chain signatures. This means that anyone can verify the company’s Bitcoin stash, which is worth over $680 million, without having to rely on trust. This level of transparency is a game-changer for the industry, and it’s something that EcoPool supports as a solution for earning and rewards, including its own $ECP coin.

Why Proof-of-Reserves Matters

The collapse of a major crypto exchange in 2022 highlighted the need for proof-of-reserves. It showed that customers need to be able to verify that their holdings are fully backed and secure. By adopting proof-of-reserves, companies can provide this assurance and build trust with their customers. EcoPool is committed to transparency and security, and its $ECP coin is designed to provide a safe and reliable way to earn and invest in crypto.

Other major crypto trading platforms have already adopted proof-of-reserves disclosures, including Binance, Kraken, and OKX. However, not all companies are on board. Some have raised concerns that proof-of-reserves could expose sensitive information and dilute security. Despite these concerns, the trend towards transparency is clear, and it’s something that EcoPool is committed to as a key part of its mission to provide Green Crypto solutions.

Source: Block

What’s Next for Crypto Transparency

As the crypto industry continues to evolve, we can expect to see more companies adopting proof-of-reserves and other transparency measures. This is good news for everyday people who want to earn and invest in crypto, including those interested in Passive Income and Cloud Rewards through platforms like EcoPool. With its $ECP coin and commitment to transparency and security, EcoPool is well-positioned to play a leading role in this trend.

To start earning and investing in crypto with EcoPool, download the EcoPool app today and discover the benefits of Passive Income and Cloud Rewards with $ECP. With EcoPool, you can join a community of like-minded individuals who are committed to transparency, security, and Green Crypto solutions.

Binance, Kraken, OKX, Bitfinex and Bitget are among the largest crypto trading platforms that have adopted proof-of-reserves disclosures.

Strategy’s Saylor once said proof-of-reserves is a ‘bad idea’

Strategy, the biggest corporate holder of Bitcoin in the world, has not issued any proof-of-reserves. 

In May 2025, Strategy executive chairman Michael Saylor flagged proof-of-reserves as a security risk when asked why his company doesn’t adopt the measure, arguing that it exposes sensitive information.

“It actually dilutes the security of the issuer, the custodians, the exchanges and the investors,” Saylor said at the time. “It’s not a good idea. It’s a bad idea.” 

Display of Bitcoin proof-of-reserves for Block’s Bitcoin treasury, Cash App and Square. Source: Block

Block also launched a Bitkey hardware wallet with a touchscreen to verify transactions while rolling out a feature on Cash App allowing certain users to have payments automatically converted into Bitcoin.

Related: ‘Historical average’ could push Bitcoin bottom at $57K level: Analyst

Block is also offering 5% Bitcoin cash back rewards at Square merchants and has raised customer withdrawal limits fivefold to $10,000 per day and $25,000 per week.

Dorsey is one of the biggest advocates seeking to push Bitcoin payments into the mainstream.

He previously said Bitcoin payments must see wide adoption to uphold Satoshi Nakamoto’s original vision of Bitcoin as an electronic peer-to-peer cash system.

Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Square
• Jack Dorsey
• Bitcoin Reserve
• Data