What’s proof of funds?

Proof of funds is our way of showing you that your money is safe with us. It’s a transparent verification method that lets you see the total amount of Bitcoin under Pig.gy’s custody, ensuring trust and reliability. This feature provides you with clear visibility into our financial stewardship, giving you peace of mind about your savings.

Let’s break it down in more detail, so you can fully appreciate how this essential feature works and why it matters for your financial security. At Pig.gy, we believe that trust is the cornerstone of any financial relationship. That’s why we’ve implemented the proof of funds feature – to offer you an open and transparent look at how we manage and safeguard your Bitcoin.

Here’s how it works:

1. Transparent Verification: The proof of funds feature is designed to provide you with a clear and verifiable view of all Bitcoin assets under Pig.gy’s management. This isn’t just a snapshot; it’s a continuous assurance that your savings are secure and accounted for. By regularly publishing our total Bitcoin holdings, we ensure that you always have up-to-date information about the state of our custodial funds.

   
   

2. Building Trust and Reliability: Trust is built on transparency, and with proof of funds, we aim to be as transparent as possible. This feature acts as a public ledger, showcasing the total Bitcoin in our custody. It’s like having a clear window into our vaults, allowing you to see that your Bitcoin is safe and managed with the utmost integrity.

   
   

3. Ensuring Accountability: By openly verifying our Bitcoin holdings, we hold ourselves accountable to our users. It’s our commitment to you that we are managing your assets responsibly. This level of openness not only builds trust but also ensures that we remain diligent and careful stewards of your Bitcoin.

   
   

4. Peace of Mind: With proof of funds, you can rest easy knowing that your savings are in good hands. This feature provides a level of security and reassurance that’s unmatched. You no longer have to take our word for it – you can see for yourself that your Bitcoin is safe. It’s our way of giving you peace of mind, knowing that your digital piggy bank is secure.

   
   

5. Enhanced Security Measures: The proof of funds feature works hand-in-hand with our other security measures, such as Multi-Party Computation (MPC) wallets and Elliptic Curve Cryptography (ECC). Together, these technologies ensure that not only is your Bitcoin accounted for, but it’s also protected against potential threats and unauthorized access.

   
   

6. Financial Stewardship: At Pig.gy, we don’t just manage Bitcoin – we take our role as financial stewards seriously. The proof of funds feature is a testament to our dedication to responsible and transparent financial management. It’s our way of showing that we’re not just here to help you save Bitcoin, but to do so with the highest standards of integrity and security.

In conclusion, proof of funds is more than just a feature – it’s a commitment to transparency, trust, and security. It’s our promise to you that we are dedicated to protecting your Bitcoin and providing you with the peace of mind you deserve. With Pig.gy, you can see firsthand that your savings are safe, secure, and always in good hands. Welcome to a new era of transparent and trustworthy Bitcoin savings!