Proof of Liabilities

Proof of Liabilities

Implementation Details

We're using Olivier Lalonde's implementation of Proof of Liabilities. Our proofs are compatible with the verification tool found at http://syskall.com/proof-of-liabilities. Our reports are generated every six hours.

Your Partial Tree

Your partial tree is used to prove that your balance is included in the sum of the root node, while revealing as little details about other users as possible, to respect their privacy (and yours).

You must be logged in to see your partial tree.

The Root Node

The root node is of critical importance, it gives the sum of all our liabilities.

{"root":{"sum":"301.93810134","hash":"fe62af38940b7815b1919b2d69dde023b2479f6c60b58c86f935d21af16b4e10"},"currency":"BTC","timestamp":1498384801332}
Proof of Reserves

Proof of Reserves

At Bitvest, our coins are stored in four wallets. We use a hot wallet, typically holding 1 - 2% of the reserves, a Trezor wallet held by Zodiac, a Trezor wallet held by Lightlord, and a majority of coins in a highly secure Armory cold wallet.

Below are signatures proving ownership of each address/xPubKey, and links to show the balance of each. The hot wallet is not shown to help protect user privacy, however, the wallets should generally equal 99-101% reserve.

If the reserves are slightly under the liability total above, It's due to the liabilities being slightly out of date, or ~1-2% of reserves being in the hot wallet.

Lightlord Cold -----BEGIN BITCOIN SIGNED MESSAGE-----
Lightlord Holds Bitvest.io Cold Wallet Address
-----BEGIN SIGNATURE-----
15iksRMotdLu9ubZAEVJtNyDcmYYPkorth
HMnD5h64E85C0YT1CiPhoGhEU4zZ4ThvRt7NuyA1Wv5fWrrFG5jpi3F+PSqNU0ybHpbFsOahm9CCpkwRquRCkp8=
-----END BITCOIN SIGNED MESSAGE----

Lightlord Trezor Cold -----BEGIN BITCOIN SIGNED MESSAGE-----
This xpubkey (xpub6CQ1Xuevnm4zXWS5833ghhAvvstxsg9yhtFV8C8SNc2RyZQgb5XJx6VfASxDbLoQyyAzswVpS7i3h4JyK5AZ6JU9DLDBdi96oG3PkNgpCbr) is for part of Bitvest.io's Trezor wallet storage, and is controlled by Lightlord.
-----BEGIN SIGNATURE-----
19wXgPrG2P4pvqGtnwK3i95vLNzrVr8DPp
IHteL9D6THt/P0EsBVvDVm0zEfpEQe5AuLw0HO9hqwFGcilQhUYivTbuywyD/k+0WglfE8QC1vPXKzEF55TUx8Y=
-----END BITCOIN SIGNED MESSAGE-----

Zodiac Trezor Cold-----BEGIN BITCOIN SIGNED MESSAGE-----
This xpubkey (xpub6CcGTthbwnbxsMRuEF3XoYdekGtnGTsbiZ4ZKeqMC1UuqPYqh2xQj9hbEQj8AB9EuGeFHz4o3hWayZm5ahr5fyV2SNfNyA6htsZngM1DFBz) is for part of Bitvest.io's Trezor wallet storage, and is controlled by Zodiac.
-----BEGIN SIGNATURE-----
1GtoXdWrx7cTUdUw4MW9yPoKzfzEtJhQfK
H2XaHSxqnB3epJ+oKmvBQUrMhctlB2fv2kjCH8/VBg3ADiv5P9ExtgLGqNqGaNLpRHNXJAt4dzgixN6HQp8zawI=
-----END BITCOIN SIGNED MESSAGE-----