Bitcoin Address Verification

Learn how to verify ownership of your Bitcoin address so the Oracle system can monitor your balance and automatically manage your synthetic tokens.

Verification Overview

Bitcoin address verification proves you control a Bitcoin address, enabling the Oracle to monitor your balance and automatically mint/burn tokens based on balance changes.

Current Status

BIP-322 signature verification is currently implemented as a mock for testnet purposes. Full cryptographic verification will be deployed for mainnet.

Secure

No private key exposure

Cryptographic

Mathematical proof

Instant

Immediate verification

Step-by-Step Verification

Connect Your EVM Wallet

First, connect your MetaMask or other EVM wallet to the ReserveBTC interface.

What happens:

• Your EVM address is identified
• Connection to MegaETH network is established
• Wallet permissions are granted
• Interface prepares for verification

Enter Your Bitcoin Address

Provide the Bitcoin address you want to verify. This can be any address type.

Supported Address Types:

• 1... Legacy (P2PKH)

• 3... SegWit (P2SH)

• bc1... Native SegWit

• bc1p... Taproot

Generate Verification Message

The system generates a unique verification message that includes your addresses and timestamp.

Sample Message Format:

ReserveBTC Verification
Address: [YOUR_BITCOIN_ADDRESS]
EVM: 0x1234...5678
Timestamp: 1698765432

Copy this message to sign with your Bitcoin wallet

Sign Message with Bitcoin Wallet

Use your Bitcoin wallet to create a BIP-322 signature of the verification message.

Sparrow Wallet

1. Go to Tools → Sign/Verify Message
2. Select your Bitcoin address
3. Paste the verification message
4. Click "Sign Message"
5. Copy the generated signature

Electrum Wallet

1. Go to Tools → Sign/Verify Message
2. Enter your Bitcoin address
3. Paste the verification message
4. Click "Sign"
5. Copy the signature output

Important Notes

• Make sure you're signing with the exact address you entered
• Copy the message exactly as shown (including line breaks)
• Some wallets may require enabling BIP-322 in settings
• The signature will be a long base64-encoded string

Submit Signature for Verification

Paste the BIP-322 signature back into the ReserveBTC interface for verification.

Verification Process:

Paste your BIP-322 signature into the signature field
Click "Verify Signature" button
System validates signature cryptographically
Bitcoin balance is checked via blockchain APIs
User profile is created with verified address
Tokens become available for minting

✅ Successful Verification

Once verified, you'll see a confirmation message and your Bitcoin balance will be displayed. You can now mint synthetic tokens backed by your Bitcoin holdings.

Common Verification Issues

❌ "Signature Invalid"

Possible causes:

Message was modified or not copied exactly
Wrong address was used for signing
Wallet doesn't support BIP-322 properly
Signature was truncated when copying

Solutions:

Re-copy the message exactly as shown
Verify you're signing with the correct address
Try a different BIP-322 compatible wallet
Check that entire signature was copied

⚠️ "Balance Not Found"

Possible causes:

Address has zero Bitcoin balance
Recent transaction not yet confirmed
Address format not recognized
Blockchain API temporarily unavailable

Solutions:

Ensure address has confirmed Bitcoin balance
Wait for recent transactions to confirm
Try again in a few minutes
Verify address format is correct

ℹ️ "Wallet Not Supported"

Recommended alternatives:

Download Sparrow Wallet (best BIP-322 support)
Update Electrum to latest version
Import seed phrase to supported wallet temporarily
Use Bitcoin Core for advanced users

Security Best Practices

✅ Safe Practices

Only sign messages you understand
Verify message content before signing
Use official ReserveBTC interface only
Keep wallet software updated
Use hardware wallets when possible

❌ Avoid These

Never sign messages from unknown sources
Don't share signatures publicly
Avoid custodial wallets for signing
Don't use unverified wallet software
Never share private keys or seed phrases

After Successful Verification

Once your Bitcoin address is verified, the Oracle system will continuously monitor your Bitcoin balance and keep your synthetic tokens synchronized.

Continuous Monitoring

Balance checked every 5 minutes

Auto-Sync

Tokens updated automatically

Ready for DeFi

Participate in protocols

Verification FAQ

How long does verification take?

Verification is instant once you submit a valid BIP-322 signature. The cryptographic verification happens immediately.

Can I verify multiple Bitcoin addresses?

Yes, you can verify multiple Bitcoin addresses to the same EVM address. Each address must be verified separately with its own BIP-322 signature.

What if my Bitcoin balance changes?

The Oracle system automatically detects balance changes and updates your token supply accordingly. No action required on your part.

Is there a minimum Bitcoin balance required?

No minimum balance is required for verification, but you need some Bitcoin to mint tokens. Even small amounts (0.00000001 BTC) can be used.

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