BIPs bitcoin improvement proposals

127 - Simple Proof-of-Reserves Transactions

<pre> BIP: 127 Layer: Applications Title: Simple Proof-of-Reserves Transactions Author: Steven Roose <steven@stevenroose.org> Comments-Summary: No comments yet. Comments-URI: https://github.com/bitcoin/bips/wiki/Comments:BIP-0127 Status: Draft Type: Standards Track Created: 2019-01-28 License: CC0-1.0 </pre> ==Abstract== This BIP describes a simple way to construct proof-of-reserves transactions. This proposal formalizes a standard format for constructing such proofs, easing their construction with existing wallet infrastructure and enabling general proof-verification software. It relies on existing standards such as regular Bitcoin transaction serialization/validation and the BIP 174 PSBT format. The proposal also includes the description of a PSBT extension for a better user experience. ==Copyright== This BIP is licensed under the Creative Commons CC0 1.0 Universal license. ==Motivation== From the very early days in the history of Bitcoin, there have been...