BitMEX Bitcoin Proof of Reserve & Proof of Liability System Now Live

Files

From this point onwards, the Proof of Reserve and Proof of Liability data files will automatically be made available to the public. This will occur twice a week, every Tuesday & Thursday.

View all the files here

Snapshot As At 15 Nov 2022

  Reserves Liabilities
Snapshot time 15 Nov 2022 15 Nov 2022
Snapshot block height 763,269 n/a
Balance 71,910.5 Bitcoin 71,908.9 Bitcoin

Further Reading

  • To read about the theory behind the BitMEX Proof of Liability scheme click here
  • To see a tutorial on how to conduct the Proof of Reserve and Proof of Liability process click here
  • To download the open source tool, which enables one to conduct the process click here

Further Work

The BitMEX Proof of Reserve and Proof of Liability process is almost complete. There are two additional outstanding areas of work:

  • Providing each BitMEX client with a nonce, such that they can check the inclusion of their balance in the Proof of Liability Merkle tree. This should be available in the front end user interface within the coming weeks.
  • Implementation of the process for alternative coins, such as Ethereum and USDT.

The post appeared first on Blog BitMex

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