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How to Verify My Assets on Bitunix

  • Updated

A Merkle Tree, also known as a Hash Tree, is a binary tree structure typical in cryptography and computer science. A Merkle tree consists of a root node, a set of intermediate nodes, and a set of child nodes. The Merkle tree allows any node to verify whether all data in a database is correct through zero-knowledge proof, while protecting data privacy to a certain extent.

 

Bitunix has launched an asset verification page that allows users to verify asset information through their personal account information.

 

Verify on Bitunix Website

Method 1

  1. Open and log in to the Bitunix website and visit the Audit Overview Page.
  2. Find the report, click "Verify Now" to see the verfication result.

Method 2

  1. Open and log in to the Bitunix website and visit the Audit Overview Page.
  2. Find the audit report, click and copy the Merkle leaf information.

  1. Visit the Verification page, select an audit report.
  2. Paste the Merkle leaf information copied before.
  3. Click submit to view the result.

 

Verify via Open Source Tool

  1. Open and log in to the Bitunix website and visit the Audit Overview Page.
  2. Click "Download data", a file named "merkle_tree_bitunix.json" will be downloaded. This will be used for the verification via official open source tool.

  1. Down load the Verification Tool provided by Bitunix and unzip it to the folder.
  2. Copy the merkle_tree_bitunix.json file downloaded earlier to the folder, just like the image below:
  1. Run the sh start.sh or click start.bat file
  2. View the result.

If the file is correct and pass the verification, the result will be "Consistent with the Merkle tree root hash. The verification succeeds".

 

If the file is incorrect, it will fail the verification, and the result will be "Inconsistent with the Merkle tree root hash. The verification fails"

 

Note: From time to time, Bitunix conducts proof or reserve audits to certify that BItunix has sufficient reserves of digital assets. If you create a new account after the audit has been completed, or if you do not hold the audited tokens, your account will not have any corresponding audit record.

 

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