OneCoin is the first company to audit its blockchain by an external, independent auditor. The objectives of the audit are to assess the consistency of the blockchain and to verify that no coins are mined outside of the blockchain.
The procedure of verifying the transactions requires a number of automated tests. The first test aims to prove that all transactions are included in the blockchain and no coins are mined outside of the blockchain. The second test aims to prove that the blockchain is consistent, which means that each transaction's inputs and outputs correspond with one another and could be tracked back to the very first transaction.
The overall procedure has been designed to confirm that all blocks are consistent, i.e. that each block follows a previous one and that there are no errors in the block sequence. And the blockchain must prove it contains the transactions validated in the tests.
So far, the results of each blockchain audit have verified that each and every transaction is true and the blockchain is consistent. Moreover, the audits confirmed the figure OneCoin users see as the number of coins mined on the homepage of the website is the actual, real-time data and there are neither more, nor less OneCoins than those stated on the website.