In early January, the Proof of Keys event was organized by Bitcoin investor Trace Mayer (Trace Mayer) and aimed at returning users control over their private keys, as well as checking the integrity of services and trading cryptocurrency areas .
During the campaign, participants massively withdraw their cryptocurrency from exchanges to private wallets in order to verify the fact of their possession of digital money. Several major cryptocurrency sites showed their inconsistency – Bitfinex, Poloniex and Robinhood turned out to be on the list published on the official website of the campaign after the end.
HitBTC caused a lot of criticism – its clients complained about the problem with the withdrawal of funds and the lack of response from the support service and the project team before the start of Proof of Keys. Bitfinex said payments were delayed due to problems with payment gateways, reassuring users that all their funds are safe.
Proof of Keys also had a negative impact on Purse’s wallet, which suspended the withdrawal of funds without giving a reason.
A symbolic date was chosen for the campaign: January 3, when the zero block of the Bitcoin chain turned 10 years old.
Despite the positive reaction of users, the specialized media evaluate the impact of Proof of Keys as insignificant, since the target audience of the action does not cover a number of large markets.
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