Proof of Assets
Proof of Assets (PoA) is a scheme designed to let entitites (operators) prove that they control a given amount of Bitcoin or other blockchain based cryptocurrency.
The Proof of Assets scheme can be used as part of the broader Proof of Solvency scheme.
Table of Contents
WORK IN PROGRESS:
- Only supports bitcoind at the moment
- Doesn't support HD wallets yet
Beer fund: 1ECyyu39RtDNAuk3HRCRWwD4syBF2ZGzdx
npm install -g aproof
Generate asset proof $ aproof signall -h "localhost" -p 8332 --user "rpcuser" --pass "rpcpass" "MtGox.com BTC assets" > btc-asset-proof.out.json Verify signatures $ aproof verifysignatures btc-asset-proof.out.json Verify signatures and show total balance of all addresses $ aproof balance -h "localhost" -p 8332 --user "rpcuser" --pass "rpcpass" btc-asset-proof.out.json Browser build: $ browserify ./lib/index.js --standalone aproof > build/aproof.js
WORK IN PROGRESS...
The assets proof is done by signing a message with all the private keys of a Bitcoin wallet or alternatively, with the private master key of an HD wallet and published alongside its chain code.
The message to sign is
blockhash + '|' + message. Where
blockhash represents the latest block hash (with at least 6
confirmations) of the
This block hash can be used by verifiers to determine how long ago the PoA was produced. A PoA that was produced a long time ago could indicate that an operator lost the keys of its cold wallet for example.
Verifiers should issue warnings if a PoA is more than X (to be determined) days old or if the blockhash was omitted.
message is an arbitrary message (Proof of Solvency requires it to be
the domain for which the proof is valid).
Serialized data formats (draft)
./extras/asset-proof.py your.wallet "EmptyGox Btc Assets" emptygox-btc-assets.json
TODO... (you could convince someone else to signmessage for you?) There could be an online wallet which allows you to signmessage without revealing the private key, etc. etc. Might be interesting to explore the "make transaction"/"far future lock time" solution. Maybe combine multiple solutions together?