Proof of Keys Event Aims to Challenge Perceived Centralization of Cryptocurrencies

The “Proof of Keys” event aimed against centralized exchanges is happening today, Jan. 3, spearheaded by Bitcoin (BTC) investor Trace Mayer.

The Proof of Keys event is essentially a bank run on centralized exchanges, wherein activists are called to withdraw all their cryptocurrency funds from centralized trading platforms and store them in their own wallets. The idea behind this is to reassert holder control over their crypto assets and to make sure that exchanges are actually in possession of as much funds as they claim.

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