Mikoshi--Your-Secure-Vault

Safeguarding Your Data, Empowering Your Crypto Wallet

Development of a UPI-like Protocol for BTC Wallets

Overview

Cryptocurrency, particularly Bitcoin, is often viewed with apprehension due to the absence of a legal framework and regulation. The anonymity of Bitcoin transactions makes it challenging for traditional law enforcement to trace a user's identity. Our system seeks to address these concerns by collecting certain personal data in exchange for a safer and more convenient method of conducting blockchain transactions.

Objectives

• Ease of Use: Simplifying Bitcoin transactions to make them as accessible as UPI payments.
• Fraud Prevention: Ensuring secure transactions and reducing scams or misuse.
• Identity Linking: Associating Bitcoin wallets with government-issued identification for enhanced accountability.
• Encouraging Adoption: Enabling everyday users to adopt cryptocurrencies in their daily transactions.

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Technology Stack

Frontend

• Languages: HTML, CSS, JavaScript
• Library: HTMX (for seamless front-end to back-end communication)

Backend

• Framework: Flask (Python-based lightweight web server)
• Blockchain API: Bitcoin Core SDK

Database

• Database: MongoDB (for robust and scalable data storage)

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System Features

1. Wallet Validation System

• Links a user's Bitcoin wallet with their Aadhar card and PAN card details.
• Stores personal information securely in a MongoDB database.

2. Identity Integration

• Gives identities to wallets and Bitcoin addresses by linking them with governmental data.
• Allows regulatory authorities to trace illegal activities back to the source.

3. Custom Wallet and QR Code

• Generates a custom wallet linked to the user's identity.
• Provides a QR code that represents the user's public key for seamless transactions.

4. Mainstream Adoption

• Promotes the use of Bitcoin for everyday transactions.
• Aims to reduce the fear of fraud and increase cryptocurrency adoption among the general public.

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Workflow

1. User Registration:

   • User inputs their Aadhar card, PAN card, and basic personal details.
   • The system validates and links these details with the user's Bitcoin wallet.

2. Wallet Creation:

   • Generates a custom Bitcoin wallet and associates it with the validated identity.
   • QR code is generated for easy transactions.

3. Transaction Execution:

   • Users can conduct Bitcoin transactions using the QR code and wallet, similar to UPI systems.
   • Backend ensures secure and validated interactions with the Bitcoin blockchain.

4. Regulatory Oversight:

   • Authorized entities can trace any fraudulent or illegal activities via the linked identities.

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Installation and Usage

Prerequisites

• Python 3.9+
• MongoDB
• Bitcoin Core

Steps to Run

1. Clone the repository:

   git clone https://github.com/yourusername/btc-upi-protocol.git
   cd btc-upi-protocol