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Chris Burniske: Backpack exchange operates like a blockchain for real time proof of reserves

Chris Burniske: Backpack exchange operates like a blockchain for real time proof of reserves
Backpack offers blockchain-like experience

Chris Burniske, partner at Placeholder, highlights that Backpack, a centralized exchange (CEX), is operating with blockchain-like capabilities.

Burniske notes that Backpack allows for real time proof of reserves and offers unmatched integration between TradFi and onchain systems. He adds that while the exchange's advantage may seem small at present, it is expected to grow over time.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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