🟠What are bitpacs?

GitBook tip: A succinct video overview is a great way to introduce folks to your product. Embed a Loom, Vimeo or YouTube video and you're good to go! We love this video from the fine folks at Loom as a perfect example of a succinct feature overview.

A bitpac is a bitcoin based publicly auditable cooperative. Essentially a bitpac is a multisig. Traditional multisigs are usually private, participants are not normally disclosed. In a bitpac, participants are disclosed, introducing public auditability. Bitpac participants can generate proposals, submit votes, and effect action in the groups multisig, creating the foundational experience of a DAO on native bitcoin.

View our full article on bitpacs here: https://bitcoinmagazine.com/technical/bitpacs-emulating-daos-on-bitcoin