Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

12/09/2025

Analysts raise Nvidia (NVDA) stock price targets

12/09/2025

Top U.S. Banking Regulator Gould Says Crypto Debanking ‘Is Real’

12/09/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

    12/09/2025

    Ethereum Staking Queue Overtakes Exits as Fears of a Sell-off Subside

    12/09/2025

    What is Ethereum (ETH)? A Beginner’s Guide to the Smart Contract Blockchain

    12/09/2025

    Ether Enthusiasm Cools as ETFs Shed $505M in 4-Day Slide

    12/09/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    NFT Social Engagement Soars as LINK, PENGU, and APE Dominate Rankings

    11/09/2025

    Tokenized Pokémon Cards Are Hot. Lending Them for Crypto Is a Different Story

    10/09/2025

    Ordinals Scrapyard turns Bitcoin NFT wreckage into tax write-offs

    09/09/2025

    OpenSea Makes Big Moves in Final Sprint to $SEA

    09/09/2025

    SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

    12/09/2025

    Analysts raise Nvidia (NVDA) stock price targets

    12/09/2025

    Top U.S. Banking Regulator Gould Says Crypto Debanking ‘Is Real’

    12/09/2025

    WINkLink Joins CoinEx to Accelerate Blockchain Adoption

    12/09/2025
  • Blockchain

    WINkLink Joins CoinEx to Accelerate Blockchain Adoption

    12/09/2025

    Jack Ma’s Ant Digital Taps Blockchain to Tokenize $8.4B in China’s Energy Assets: Report

    12/09/2025

    Tokenization Platform Onino Integrates Genesys Chain’s Web3 Infrastructure to Accelerate Tokenized RWA Access on DeFi Economy    

    12/09/2025

    Ronin Ethereum Layer 2 Transition Supported by $5–7M Grants

    12/09/2025

    Plasma builds out senior team ahead of mainnet: Exclusive

    12/09/2025
  • DeFi

    Aave Cumulative Revenue Soars Past $200M: A Milestone Achievement

    11/09/2025

    Circle and Tether bug bounties aren’t enough says LlamaRisk

    11/09/2025

    DeFi platform Salus brings critical minerals to IOTA chain

    11/09/2025

    Finery Markets Brings Institutional Investors Into DeFi With Yield.xyz Integration

    11/09/2025

    Empowering Stablecoin Integration with USD1

    11/09/2025
  • Metaverse

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025

    CreataChain Joins LightCycle to Advance Fashion, Interoperability, and AI in Metaverse

    05/09/2025

    new institutional ‘trust’ layer to boost tokenized ESG investment

    04/09/2025

    Metaverse developer The Sandbox lays off 50% of staff and pivots to meme coin launchpad

    28/08/2025

    Meta Breaks Up AI Lab as Part of Superintelligence Push

    20/08/2025
  • Regulation

    Analysts raise Nvidia (NVDA) stock price targets

    12/09/2025

    Stablecoin Infrastructure Pioneer M0 Secures Massive $40M Funding

    12/09/2025

    Startup Mo Raises $40M Series B as VCs Pile Into Stablecoins: Report

    12/09/2025

    A Bitcoin Startup Raised $50M to Allow Users to Trade With ‘Bitcoin-Grade’ Security

    12/09/2025

    Bitcoin, Solana Rise as Investors Weigh Nvidia Earnings, Strong GDP Data

    12/09/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Altcoin in the Spotlight Announces $530 Million Deal and an Additional $310 Million Purchase

    11/09/2025

    Coinbase adds Sei, Pepe, Bonk and PUMP as collateral for perpetual futures trading

    11/09/2025

    Largest Russian bank Sberbank set to launch Bitcoin and Ethereum crypto derivatives

    11/09/2025

    Alchemy Pay Enters South Africa, Offers Support for ZAR On-Ramps via Bank Transfers

    11/09/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    GameFi.org Joins Somnia to Accelerate Blockchain Gaming Advancement

    10/09/2025

    Intelligent Agents Set to Reshape Blockchain Gaming Ecosystems, Gaming Director Says

    09/09/2025

    XRPL Gamechain Testnet and Pudgy Party Launch

    08/09/2025

    SolPlex Game Launch on Epic Games Marks a New Era for Web3 Gaming

    08/09/2025

    Brazil Clamps Down on Illegal Rio de Janeiro Crypto Mining Operation

    12/09/2025

    Hong Kong Police Arrest Two Over Alleged Crypto Mining in Care Homes

    11/09/2025

    Bitcoin’s Computing Muscle Hits 1,027 EH/s Benchmark, But Hashprice Shrinks 8.39%

    11/09/2025

    Bitmain files an emergency motion in a U.S. bankruptcy court to reclaim 2,700 Antminer servers from Orb Energy

    11/09/2025

    Top U.S. Banking Regulator Gould Says Crypto Debanking ‘Is Real’

    12/09/2025

    Senators Still Hopeful for Crypto Market Structure Law by End of Year

    12/09/2025

    Ripple Exec Says Victory Over SEC Was ‘Watershed’ Moment for Company

    12/09/2025

    Stephen Miran’s Fed nomination advanced after a 13–11 Senate panel vote

    12/09/2025

    SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

    12/09/2025

    Analysts raise Nvidia (NVDA) stock price targets

    12/09/2025

    Top U.S. Banking Regulator Gould Says Crypto Debanking ‘Is Real’

    12/09/2025

    WINkLink Joins CoinEx to Accelerate Blockchain Adoption

    12/09/2025
  • MarketCap
NBTC News
Home»Bitcoin»BITPACS: Emulating DAOs on Bitcoin
Bitcoin

BITPACS: Emulating DAOs on Bitcoin

NBTCBy NBTC25/03/2024No Comments5 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


I wanted to share some thoughts on a seemingly overlooked innovation that has come to Bitcoin within the last year, called Bitpacs.

Bitpac stands for a Bitcoin Based Publicly Auditable Cooperative. Bitpacs are essentially normal bitcoin multisig wallets with the additional introduction of public auditability. Traditionally in a multisig setup, participants of the multisig are not disclosed. In a Bitpac multisig, participants are intentionally made public, which allows for transparent auditability. With this transparency, unique features, tooling, rules, and transaction crafting is possible. The goal of Bitpacs is to emulate the familiar DAO experience on other chains.

DAO’s are marketed as Decentralized Autonomous Organizations. However, Ethereum and other altcoin based DAOs only inherit the “decentralization” of their chain, so will not be as decentralized as the same experience built on Bitcoin. DAO’s are also not autonomous, as humans control and shape the decisions they make. The Bitpac definition is a more honest explanation of the tech involved and I think eventually will be a better experience for users.
Why should bitcoiners even care about DAO’s? As of Feb 18th 2024, DAO’s on Ethereum hold over $35 billion in treasury funds. There have been millions of DAO proposal makers and voters, and hundreds of millions of dollars have been transacted via DAO governance. (source) There is clear demand for on-chain governance and community management, Bitpacs allow this to come to Bitcoin.

How can Bitpacs actually work?

While Bitpacs don’t directly utilize smart contracts on the Bitcoin blockchain itself, they achieve similar functionality as DAOs through a combination of multisig wallets and carefully crafted Bitcoin transactions. The structures possible with this encompass most of what a DAO does:

  • Multisig ensures that no one is ever in unilateral control of any Bitpac funds, requiring the quorum threshold to spend anything.
  • Signing thresholds that mandate how many signatures are needed to finalize a transaction (3 of 5 or 6 of 10 for example) can fine tune required voting thresholds in line with the defined Bitpac consensus requirements.
  • Time constraints can be applied to voting rounds, ending the signing process for proposals that haven’t achieved a signing threshold by the end of a voting period.
  • Gating membership of Bitpacs based on certain criteria can be done at the platform level, like unique assets held, bitcoin contributed to the treasury, or known wallet addresses, all of which can be verified on-chain.
  • All of these dynamics that cannot be enforced through Bitcoin script or pre-signed transactions, and must resort to social enforcement, are transparently verifiable on-chain guaranteeing detection of Bitpac rule violations.

What do Bitpacs enable on Bitcoin?

Bitpacs unlock exciting possibilities for bitcoin users:

  • Community-driven funding: Fundraising for public goods, projects, or charitable causes becomes more efficient and secure with Bitpacs. Contributors can trust that funds are used as intended, thanks to the transparent nature of the multisig.
  • Decentralized governance: Bitpacs empower communities to make collective decisions regarding fund allocation and spending. Voting rights are distributed among key holders, ensuring a transparent and verifiable process.
  • Increased trust and collaboration: By eliminating the opacity often associated with traditional financial systems, Bitpacs build trust and foster collaboration between individuals with shared interests, and doing so fully on-chain.

Some specific examples of Bitpac use cases include:

  • Funding open-source development: Developers can create Bitpacs to receive community funding for their projects, with transparent spending records ensuring accountability to their backers.
  • Managing community treasuries: Any organization can leverage Bitpacs for transparent management of their funds, allowing members to track spending, create proposals, and participate in decision-making.
  • Crowdfunding: Bitpacs can be used as a means to crowdfund bitcoin from a group of supporters for a pre-established shared goal, company, investment fund, or project.

A major lesson for the industry over the last year has been how much innovation and experimentation can still be done on native Bitcoin without requiring any changes to the network. We have seen massive interest around BitVM, Ordinals, roll-ups, sidechains, layers, metaprotocols, all within bitcoins current consensus. There is clearly a cambrian explosion of developer and user interest coming to Bitcoin which will not slow down any time soon. Tens of thousands of new niche communities will be popping up on Bitcoin in the coming years. This doesn’t include traditional companies that continue to trend towards Bitcoin adoption over time. Bitpacs can agnostically offer community organization, treasury management, and on-chain governance to all of them.

The thousands of ideas being “built on Bitcoin” should have one thing in common, eventual settlement on the base layer. Different methods of governance will be experimented with over time, but this is why Bitpacs could be the superior model. Bitpac members have direct voting access to the treasury and transactions occur at the base layer; there is no side-chain, layer, or additional protocol that Bitpac members need to trust. Potentially this cycle, people will start to realize that Bitcoin block space is just as scarce as bitcoin the asset. As we trend further towards a hyperbitcoinized world, with nation states and institutions transacting, I think that Bitpacs representing large community or entity treasuries will be one of the few things that will justify occurring at the Base layer.

–

Anybody can create Bitpacs on their own. @Tribe_btc is a centralized project I’m working on aiming to create a full tooling suite for Bitpacs. Tribe will be releasing our Bitpac documentation soon.

By Dillon Healy

BD / Partnerships BTC Inc. @dillonhealybtc

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

SharpLink Will Explore Staking Portion of $3.6 Billion Ethereum Treasury on Linea, CEO Says

12/09/2025

Analysts raise Nvidia (NVDA) stock price targets

12/09/2025

Top U.S. Banking Regulator Gould Says Crypto Debanking ‘Is Real’

12/09/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.