Questions tagged [audits]
6 questions
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What does "proof of reserves" and "proof of liabilities" mean?
What is a brief way of describing what proof of reserves and proof of liabilities mean?
What is their difference?
I have searched and read but I haven't got it yet.
Is it done by an auditor? Is it an audit?
elli
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Is there a generally agreed on protocol for creating proof of solvency?
After the MtGox incident, a lot of Bitcoin exchanges started pursuing audits and creating a proof of solvency / liability to prove to their users they remain solvent. While proving that one owns the required amount of coins is fairly easy, I am…
ThePiachu
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Is the reference client of Bitcoin regularly audited?
I imagine that plenty of eyes have combed through the reference client's source code. But the code is still changing for a variety of reasons (features, patches, improvements, etc).
I didn't find that much information regarding security audits other…
Daniel
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Is auditing a BIP32 tree only possible if it is non-hardened?
BIP 32 allows you to to implement the auditor use case:
Audits: N(m/*) In case an auditor needs full access to the list of
incoming and outgoing payments, one can share all account public
extended keys. This will allow the auditor to see all…
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Is it possible to verify or audit an exchange to determine how much bitcoin they have on deposit?
Is it possible to verify or audit an exchange (for eg. mnt gox) to determine how much bitcoin they have on deposit?
For example, they could publish one or more bitcoin wallet addresses and by examining the block chain the total amount of bitcoin…
monzie
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The competitive practicality of Bitcoin
Bitcoin is to be trustless by the thousands of nodes, but is this no more trustless than the Federal Reserve system? An account size in 8b on each device is a feasible alternative with absolute consensus by nodes for each device.
