Score exchanges
We evaluate centralized exchanges with the VIF Score, a comparable measure of how independently verifiable an exchange is.
A streetlight for crypto’s road ahead
Blockchain creates an opportunity to make customer assets more verifiable and centralized exchanges more transparent than legacy financial institutions.
Cryptography and automation alone do not guarantee transparency. Verifelse combines rigorous verification, accessible interpretation, and incentive-aware standards to make exchange evidence easier to understand and use.
What we do
Review historical incidents
We are preparing a sourced archive of material exchange events relevant to transparency, verification, and customer access.
How we measure transparency
The VIF Score converts six dimensions of exchange verifiability into a comparable 0–100 score. Proof of Reserves is evidence, but does not by itself establish solvency, governance quality, or future liquidity.
Asset Verification
25%
Liability Verification
25%
Proof Freshness
15%
Public Verifiability
15%
Methodology Transparency
10%
Incident Disclosure
10%
Bars are normalized to the largest component weight (25%); numerical percentages are the methodology weights.
Who is behind Verifelse
Donggoo Kim
Founder / Research
Software engineer and blockchain researcher focused on Proof of Reserves and verifiable financial systems. His research on Liability Proof of Reserves was published and presented at IEEE ICBC 2026.
Contribute & collaborate
Transparency improves when evidence and methodology are open to scrutiny. Found incorrect data, evidence we missed, or a methodology issue? We welcome corrections, contributions, and research collaboration.
Submit evidence
Share a Proof of Reserves update, disclosure, correction, or sourced historical record for review.
Challenge a score
Think an evaluation is incorrect? Provide evidence and request a review.
Contribute code
Help improve open-source data collection, verification, and analysis tooling.
Research with us
Propose improvements to transparency methodology, Proof of Reserves analysis, or related research.
Verifelse is an independent transparency project. Exchange relationships, partnerships, or commercial arrangements do not determine VIF scores or ranking positions. Verifelse is not affiliated with or endorsed by the exchanges it evaluates.