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39 lines
2.2 KiB
Markdown
39 lines
2.2 KiB
Markdown
# BoB v0.1
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## Bitcoin-based Organization Builder
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BoB focuses on enhancing organizational finance via the Bitcoin blockchain, promoting security, transparency, and efficiency:
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- **Transparency:** Utilizes the Bitcoin mainnet for an open, verifiable transaction record, ensuring visibility for authorized stakeholders.
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- **Security:** Emphasizes strong security with multi-signature authorization, time-locked contracts, and a Masterkey system for secure signature management, potentially accessible via a mobile app.
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- **Efficiency:** Streamlines financial processes through automated scripts, facilitating complex wallet systems for agile fund management.
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BoB leverages Bitcoin's strengths to optimize financial operations, providing a secure and transparent platform for organizational finance.
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**Define the functionalities:
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wallet management, transaction scripting, and multi-signature processes**
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## How it works
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BoB is designed to provide a suite of Bitcoin-based tools for organizational use, focusing on:
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- **Wallet Management:** Offers hierarchical wallet management, enabling address generation, balance monitoring, and transaction history tracking, ensuring HD standards compatibility.
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- **Transaction Scripting:** Automates Bitcoin transactions with scripting to simplify complex transactions like batch processing and automatic fund redistribution based on predefined rules.
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- **Multi-Signature Processes:** Incorporates multi-signature authorization to enhance security, requiring multiple approvals for transactions, and supports various organizational governance models with flexible multi-signature setups.
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**Description paper:** [BoBv0.1.2](https://github.com/Bitcoin-Based/bitcoin-organization-builder/blob/main/doc/BOB%20v0.1.2.pdf)
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**Complete diagram of the system components**
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