Questions tagged [proof-of-solvency]
14 questions
8
votes
4 answers
How can a bitcoin exchange prove its solvency while maintaining privacy?
What methods can an exchange website use to prove that it actually has all its users' bitcoins?
These are the requirements:
User privacy is a must. No one should be able to tell how many bitcoins an account has (besides his own).
Total number of…
Pacerier
- 2,115
- 2
- 21
- 33
6
votes
1 answer
Provable Solvency Implementations
Is there a list of provable solvency implementations? It appears to be that each company is taking their own unique swing at the problem. This strikes me as an area that could benefit from standardization.
Kinnard Hockenhull
- 2,423
- 3
- 26
- 36
5
votes
2 answers
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
- 42,931
- 25
- 138
- 347
2
votes
0 answers
Using the Proof of Reserves utility developed by blockstream
I was looking into the various methods that can be used to generate the proof of reserves and came across the open source version created by blockstream to generate the proof of reserves( https://github.com/ElementsProject/reserves ).
However I am…
Shubham Saxena
- 119
- 8
1
vote
1 answer
Is there some way to safely prove that you control a certain number of Bitcoin?
I want to know if there is some Bitcoin Core-supported feature where it takes the current amount in your wallet.dat and dumps it in such a way that another person can take the data and verify that you own X amount of Bitcoin, obviously without…
Takwon
- 11
- 1
1
vote
1 answer
Creating my own script for proof of reserves
I recently came across the topic where exchanges have to constantly give a proof of solvency to prove that they hold enough bitcoin for it's clients. I was however intrigued by the way an exchange would give a proof of reserves. I was trying to…
Shubham Saxena
- 119
- 8
1
vote
1 answer
Proving to a title agency a bitcoin transaction occurred?
What is the best way to prove to a title agency that a particular bitcoin transaction has occurred and that the addresses do indeed belong to the parties exchanging the title?
Geremia
- 4,469
- 4
- 37
- 75
1
vote
1 answer
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
- 113
- 2
0
votes
1 answer
Is there some way to take advantage of the fact that I own 10 BTC without spending them or giving up control of them?
Is there some kind of "Bitcoin society" where I can instruct my Bitcoin Core to run a command which then spits out some kind of cryptographic code which verifies that I control/own the number of BTC in my wallet?
And then I give them that code,…
0
votes
0 answers
What is a simple way to sign a message to verify that you possess the private key for a specific public address?
I need to explain to somebody step by step how to go through the process of signing a message to verify they own the private keys associated with an address containing funds. This is to ensure ownership before a sale is agreed.
What is the simplest…
John Murphy
- 145
- 5
0
votes
0 answers
Proof of solvancy
Andreas has been talking a lot lately about proof of solvency as it pertains to any company that takes custodial custody of bitcoin funds. As someone who's planning to launch a project that does just that, I'm all aboard with this idea.
Problem is,…
Yitzhak
- 249
- 1
- 8
0
votes
0 answers
How do I retrieve address balances to build a Merkle sum tree?
Curious about building my own proof of solvency program. I understand how the Merkle sum tree works in theory but I am having issues understanding the practical ways of getting the information I need.
Let's say that my client, for example Newton,…
madamepresident
- 1
- 1
0
votes
2 answers
How to prove wallet ownership?
Context
I would like to verify being A has access to a wallet and hence would like to ask them to pay a minimum amount to a particular wallet address owned by someone other than me, e.g. 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa, with a signature…
a.t.
- 103
- 4
0
votes
2 answers
How would I prove that I own X amount of Bitcoin to somebody without violating my privacy or sending/risking any coins?
Now that people who own a full Bitcoin will be like people who currently own ten million USD or more in "liquid assets", I'm trying to come up with some way that I can safely and reasonably prove to somebody that I own X amount of Bitcoin. Being…
