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Tag: proof

Chainlink Review: Smart Contract Solutions for any Blockchain

ChainLink has been getting quite a bit of attention lately. So much so that LINK has risen to a market cap of nearly...

Best Nano Wallets: Top 8 Safest Places to Store NANO

Nano is a low-latency trustless currency that is not only fee-less but also instantly scalable. This is all thanks to its unique block...

Provable Solvency Report #67 – October 2019

Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 67th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 3,908.6071 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.


What does the Provable Solvency Report include?


We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 3,976.5549. XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:


Provable Solvency Report #67 (October 24th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20191024.txt

SHA-256 Hash of the Provable Solvency Report: D416EBDE74A254F4E6DA2828C2DAFDDB5DC036C69AD7114ABF54F57DD1B1686D

Transaction ID: c354df2e5d6a7c8fc77b28dfbbcaf70dc6beae755bbdeb877d2785b2343208d6

View the transaction here:
https://explorer.bitcoin.com/btc/tx/c354df2e5d6a7c8fc77b28dfbbcaf70dc6beae755bbdeb877d2785b2343208d6

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20191024.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/c354df2e5d6a7c8fc77b28dfbbcaf70dc6beae755bbdeb877d2785b2343208d6

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1571910092) and your API authentication cookie.

Example (Linux):

    timestamp: 1571910092

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15719100929BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

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Holochain Review: DLT Trying to Make Blockchains Obsolete

Holochain is a project that many say is set to change the way we think about Distributed Ledger Technology. As a result, interest...

Nano Review: Instant, Zero Fees and Scalable

Nano is probably one of the most promising “payment” cryptocurrencies in the altcoin space today. The coin makes use of some really advanced technologies...

What Are Privacy Coins?

Blockchain-based cryptocurrencies allow users to conductRead More →

The post What Are Privacy Coins? appeared first on Crypto Core Media.

BEAM Review: Mimblewimble Based Scalable Privacy Coin

Beam is a project that has been silently building out an incredibly robust privacy coin. Since launch, it has garnered a great deal...

Monero Interview: Shedding Light on the Coming 0.15 Upgrade and RandomX

Monero, a leading privacy coin and top twenty cryptocurrency by market cap, is due to have one of its two scheduled upgrades this month. Monero 0.15 will bring it with it some new security and privacy features, a new proof-of-work algorithm called RandomX, and other changes. I spoke to Justin Ehrenhofer, the Monero Community Workgroup […]

Monero Interview: Shedding Light on the Coming 0.15 Upgrade and RandomX was originally found on Blokt - Privacy, Tech, Bitcoin, Blockchain & Cryptocurrency.

Provable Solvency Report #66 – September 2019

Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 66th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 3,907.8566 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.


What does the Provable Solvency Report include?


We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 3,944.0563 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:


Provable Solvency Report #66 (September 30th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190930.txt

SHA-256 Hash of the Provable Solvency Report: 0F7C866DC215B965067F7E01828696216F19141CA11638AD21C7272E1879404C

Transaction ID: 737282fa27d66208b53541a78b7c9a31c8e7bd7a8d52ad87de2498421ce0ea95

View the transaction here:
https://explorer.bitcoin.com/btc/tx/737282fa27d66208b53541a78b7c9a31c8e7bd7a8d52ad87de2498421ce0ea95

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190930.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/737282fa27d66208b53541a78b7c9a31c8e7bd7a8d52ad87de2498421ce0ea95

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1569839219) and your API authentication cookie.

Example (Linux):

    timestamp: 1569839219

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15698392199BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

image

Provable Solvency Report #65 – August 2019

Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 65th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 3,870.0066 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.


What does the Provable Solvency Report include?


We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 3,871.9553 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:


Provable Solvency Report #65 (August 6th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190809.txt

SHA-256 Hash of the Provable Solvency Report: AF5789B7B50A7B0D9B4CFE5FE4F2D3E5685D4CB12EA2805758416A6FE08AF21D

Transaction ID: 9f7194aa57dec706ad1ef01d64788aa3b72385a1667604c0f408705c72e46880

View the transaction here:
https://explorer.bitcoin.com/btc/tx/9f7194aa57dec706ad1ef01d64788aa3b72385a1667604c0f408705c72e46880

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190809.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/9f7194aa57dec706ad1ef01d64788aa3b72385a1667604c0f408705c72e46880

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1565355789) and your API authentication cookie.

Example (Linux):

    timestamp: 1565355789

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15653557899BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

image

Trezor Model T Review: The Ultimate Secure Crypto Wallet

If you are familiar with the crypto wallets you must have heard about Trezor One that was launched way back in 2011. Now...

Provable Solvency Report #64 – July 2019

Coinfloor is a custodian of client bitcoins and we believe that we must set the industry standard for transparency and regular audits. Without proper public accountability, the industry will not be able to grow and mature. This is why we are committed to releasing a Provable Solvency Report every month. Coinfloor is proud to have the longest standing track record among bitcoin exchanges in regards to auditing.

Today we are publishing our 64th monthly Provable Solvency Report with step-by-step validation instructions for your convenience.

As of today, Coinfloor holds a total of 3,884.6845 XBT on behalf of our clients. You are invited to verify that your held bitcoins are included in this balance by following the instructions below.


What does the Provable Solvency Report include?


We started out by creating an obfuscated report of all current client balances (the Solvency Report) and then generated a SHA-256 hash of this report.

We then created a bitcoin transaction to ourselves, that includes all currently held client bitcoins, for a value of 3,886.5118 XBT. The output of the script also includes the OP_RETURN of the SHA-256 hash of the report, proving that at the time of making the solvency report, Coinfloor held all of our clients’ XBT funds. You can verify the amount and details of the transaction on the blockchain.

Key Pieces of information:


Provable Solvency Report #64 (July 18th, 2019):
https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190718.txt

SHA-256 Hash of the Provable Solvency Report: 7EB79875D7896EBBE511F20382A3F9F8F64E9BBCAEBDD34975FCF766000377F1

Transaction ID: 33d4d4d18705a0011cba593bce3cde564a41e53c48463ca0e69838e0e1208cf1

View the transaction here:
https://explorer.bitcoin.com/btc/tx/b7ca7a97eccaf4baf4c860a35bb1ffb7efd6a868167478eaee85360ac41d1fd5

Your API authentication cookie:
You will find it in My Account > Dashboard in the Coinfloor signed in view, in the API section (visible only for fully verified accounts).

Instructions for Validating Solvency Report:

1. Open the Provable Solvency Report file:

https://s3-eu-west-1.amazonaws.com/provablesolvency/solvency_20190718.txt

2. Go to

https://passwordsgenerator.net/sha256-hash-generator/ or to your SHA256sum calculating application.

Copy the entire contents of the solvency report (including any leading or trailing spaces or blank lines) into the SHA-256 generator and calculate the SHA-256 hash of the report.

3. Go to

https://explorer.bitcoin.com/btc/tx/b7ca7a97eccaf4baf4c860a35bb1ffb7efd6a868167478eaee85360ac41d1fd5

Click on the `SHOW ADVANCED` switch to view the OP_RETURN, where you will find the hash generated in the previous step matches the hash in the OP_RETURN output script of the transaction that includes all customer bitcoins.

Instructions for finding your account balance within the Solvency Report:

1. Go to

your local SHA1sum application

to calculate the SHA-1 digest of a message consisting of the timestamp shown at the top of the Solvency Report (1563442554) and your API authentication cookie.

Example (Linux):

    timestamp: 1563442554

    API authentication cookie (API Key): 9BTa7M0Z/Mrk6tFMJwEkTV3BQek=

    command: echo -n ‘15634425549BTa7M0Z/Mrk6tFMJwEkTV3BQek=’ | sha1sum

(the command may differ depending on the SHA1sum application used)

2. Find the resulting hash in the solvency report. Your balance is shown on that line in satoshi units. 1 bitcoin = 100 000 000 satoshis. For your convenience, here is a link to a bitcoin unit converter:

http://www.satoshi.24ex.com

We believe that this approach is the best way to achieve maximum accountability whilst retaining privacy for our clients. We welcome your feedback and hope that in time, other exchanges will also help safeguard client funds by providing proof of solvency reports to their users on a regular basis.

Thank you for your trust,

Coinfloor Team

image

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