Assume this Mikrotik license:

-----BEGIN MIKROTIK SOFTWARE KEY------------
VIhB6/0yhAE1MS8JVjH7Qbw3pTtkCl+yuWVK3lTvh1HZ
uMYTZfzV17711ZBGkYVYR7bdJFrJZtGzc4IyOqPjEA==
-----END MIKROTIK SOFTWARE KEY--------------

Removing header and footer we got VIhB6/0yhAE1MS8JVjH7Qbw3pTtkCl+yuWVK3lTvh1HZuMYTZfzV17711ZBGkYVYR7bdJFrJZtGzc4IyOqPjEA== which seems to be BASE64 encoded. But it isn't. Lets look closer on it.

First four characters VIhB are encoded to first three bytes of license. VIhB in BASE64 is 0x15 0x08 0x21 0x01. In 6-bits format 010101 001000 100001 000001.

Lets label these bits.

010101 001000 100001 000001
^^^^^^ ^^^^^^ ^^^^^^ ^^^^^^
012345 6789AB CDEFGH IJKLMN

Classical BASE64 decodes this bit stream to bytes like this (adds highest bits from next byte to missing lowest bits link)

01010100 10001000 01000001
^^^^^^^^ ^^^^^^^^ ^^^^^^^^
01234567 89ABCDEF GHIJKLMN

Which is 54 88 41

Mikrotik decodes it in a different way (adds lowest bits from next byte to missing highest bits).

00010101 00010010 00000110
^^^^^^^^ ^^^^^^^^ ^^^^^^^^
AB012345 EFGH6789 IJKLMNCD

Which is 15 12 06

So the License is decoded to

00..15 : 15 12 06 fa 4f cb 21 40 d4 8c c4 27 d5 78 ec d0
16..31 : 06 df e9 d4 92 42 e9 cb ae 55 29 77 39 bd 61 7d
32..47 : 64 2e 83 4d d9 37 57 f5 be d7 75 16 18 24 56 61
48..63 : d1 be 75 49 b1 26 59 6b cc 1c 8e c8 8e fa 8c 04

Lets take first 16 bytes

15 12 06 fa 4f cb 21 40 d4 8c c4 27 d5 78 ec d0

Process some kind of transformation/decrypting (see function MT_Transform). Algo name ??

d8 d1 70 a6 4c 00 06 01 00 00 00 00 00 00 00 00

Decimal Software ID from converted first 6 bytes is 0x004ca670d1d8. It can be converted to string serial using character table TN0BYX18S5HZ4IA67DGF3LPCJQRUK9MW2VE and doing 8x

SNTab[Serial % 0x23]
Serial = Serial / 0x23

String serial is JKLMNBYX or JKLM-NBYX.

Next byte may be RouterOS major version and next byte 01 is License Level. Next bytes may be features bits.

Hashing converted bytes with modified SHA256 with Mikrotik custom round constants and initial hash values

c4 bc fe b4 cc 6d 0d aa 40 88 38 1b 68 ba 10 fd
e3 1a 2f 10 f9 29 ca 90 80 17 ad af 77 e1 59 3f

Modifying 16 bytes of hash

hash[8..23] = hash[8..23] xor License[16..31]
hash[31] = (hash[31] & 0x7F) | 0x40
hash[ 0] =  hash[ 0] & 0xF8

Result is

hash =
c0 bc fe b4 cc 6d 0d aa 46 57 d1 cf fa f8 f9 36
4d 4f 06 67 c0 94 ab ed 80 17 ad af 77 e1 59 7f

Extracting license signature from decoded MTBase64 bytes 32..63

signature =
64 2e 83 4d d9 37 57 f5 be d7 75 16 18 24 56 61
d1 be 75 49 b1 26 59 6b cc 1c 8e c8 8e fa 8c 04

Computing EC-KCDSA (Elliptic curve Curve25519) (Link) using library Link with Mikrotik public key

PubKey =
8E 10 67 E4 30 5F CD C0 CF BF 95 C1 0F 96 E5 DF
E8 C4 9A EF 48 6B D1 A4 E2 E9 6C 27 F0 1E 3E 32

Y = signature * PubKey + hash * G

Gx for Curve25519 is 9.

Result of computation

Y =
2c d6 61 75 75 2f 25 b3 90 f7 1b 94 f9 ca 7c 67
83 67 2a af 6d 47 e6 ea 25 43 32 63 4c 66 14 27

Computing hash2 of Y with modified SHA256

06 df e9 d4 92 42 e9 cb ae 55 29 77 39 bd 61 7d <--
36 6a b7 02 14 07 78 13 64 c9 fb 4f c1 50 bb b4

Compare License[16..31] with first 16 bytes of hash2

06 df e9 d4 ... == 06 df e9 d4 ...

Result:

• License is for Software ID JPFT-SPRK
• License level is 1
• License is valid