diff --git a/.gitignore b/.gitignore
index 4c49bd78f1d08f2bc09fa0bd8191ed38b7dce5e3..b05c0813badd2ef4303cf8c36e5630bb0a622afd 100644
--- a/.gitignore
+++ b/.gitignore
@@ -1 +1,174 @@
+### Python ###
+# Byte-compiled / optimized / DLL files
+__pycache__/
+*.py[cod]
+*$py.class
+
+# C extensions
+*.so
+
+# Distribution / packaging
+.Python
+build/
+develop-eggs/
+dist/
+downloads/
+eggs/
+.eggs/
+lib/
+lib64/
+parts/
+sdist/
+var/
+wheels/
+share/python-wheels/
+*.egg-info/
+.installed.cfg
+*.egg
+MANIFEST
+
+# PyInstaller
+#  Usually these files are written by a python script from a template
+#  before PyInstaller builds the exe, so as to inject date/other infos into it.
+*.manifest
+*.spec
+
+# Installer logs
+pip-log.txt
+pip-delete-this-directory.txt
+
+# Unit test / coverage reports
+htmlcov/
+.tox/
+.nox/
+.coverage
+.coverage.*
+.cache
+nosetests.xml
+coverage.xml
+*.cover
+*.py,cover
+.hypothesis/
+.pytest_cache/
+cover/
+
+# Translations
+*.mo
+*.pot
+
+# Django stuff:
+*.log
+local_settings.py
+db.sqlite3
+db.sqlite3-journal
+
+# Flask stuff:
+instance/
+.webassets-cache
+
+# Scrapy stuff:
+.scrapy
+
+# Sphinx documentation
+docs/_build/
+
+# PyBuilder
+.pybuilder/
+target/
+
+# Jupyter Notebook
+.ipynb_checkpoints
+
+# IPython
+profile_default/
+ipython_config.py
+
+# pyenv
+#   For a library or package, you might want to ignore these files since the code is
+#   intended to run in multiple environments; otherwise, check them in:
+# .python-version
+
+# pipenv
+#   According to pypa/pipenv#598, it is recommended to include Pipfile.lock in version control.
+#   However, in case of collaboration, if having platform-specific dependencies or dependencies
+#   having no cross-platform support, pipenv may install dependencies that don't work, or not
+#   install all needed dependencies.
+#Pipfile.lock
+
+# poetry
+#   Similar to Pipfile.lock, it is generally recommended to include poetry.lock in version control.
+#   This is especially recommended for binary packages to ensure reproducibility, and is more
+#   commonly ignored for libraries.
+#   https://python-poetry.org/docs/basic-usage/#commit-your-poetrylock-file-to-version-control
+#poetry.lock
+
+# PEP 582; used by e.g. github.com/David-OConnor/pyflow
+__pypackages__/
+
+# Celery stuff
+celerybeat-schedule
+celerybeat.pid
+
+# SageMath parsed files
+*.sage.py
+
+# Environments
 .env
+.venv
+env/
+venv/
+ENV/
+env.bak/
+venv.bak/
+
+# Spyder project settings
+.spyderproject
+.spyproject
+
+# Rope project settings
+.ropeproject
+
+# mkdocs documentation
+/site
+
+# mypy
+.mypy_cache/
+.dmypy.json
+dmypy.json
+
+# Pyre type checker
+.pyre/
+
+# pytype static type analyzer
+.pytype/
+
+# Cython debug symbols
+cython_debug/
+
+# PyCharm
+#  JetBrains specific template is maintained in a separate JetBrains.gitignore that can
+#  be found at https://github.com/github/gitignore/blob/main/Global/JetBrains.gitignore
+#  and can be added to the global gitignore or merged into this file.  For a more nuclear
+#  option (not recommended) you can uncomment the following to ignore the entire idea folder.
+#.idea/
+
+### Vim ###
+# Swap
+[._]*.s[a-v][a-z]
+!*.svg  # comment out if you don't need vector files
+[._]*.sw[a-p]
+[._]s[a-rt-v][a-z]
+[._]ss[a-gi-z]
+[._]sw[a-p]
+
+# Session
+Session.vim
+Sessionx.vim
+
+# Temporary
+.netrwhist
+*~
+# Auto-generated tag files
+tags
+# Persistent undo
+[._]*.un~
diff --git a/database.py b/database.py
new file mode 100644
index 0000000000000000000000000000000000000000..9f86a6d3773629e2ca5efb797998e00463969465
--- /dev/null
+++ b/database.py
@@ -0,0 +1,67 @@
+from peewee import MySQLDatabase, Model, CharField, BlobField, AutoField
+from peewee import IntegerField, ForeignKeyField, DoubleField
+import os
+
+db = MySQLDatabase(None)
+
+def connect(create_tables=False) -> None:
+    """Initializes the database session and connects to the database
+    :param create_tables: Creates database tables [default: False]
+    """
+    user = os.getenv("DB_USER")
+    pw = os.getenv("DB_PASSWORD")
+    host = os.getenv("DB_HOST")
+    port = os.getenv("DB_PORT")
+    name = os.getenv("DB_DATABASE")
+    db.init(name, host=host, port=int(port), user=user, password=pw)
+    db.connect()
+
+    if create_tables:
+        db.create_tables([State, User, Wallet,
+                          WalletRequest, UserWallet, PendingTX])
+
+class BaseModel(Model):
+    id = AutoField()
+    class Meta:
+        database = db
+
+
+class State(BaseModel):
+    message = CharField()
+    menu = CharField()
+    prev_state = IntegerField()
+
+
+class User(BaseModel):
+    telegram_id = IntegerField()
+    state_id = ForeignKeyField(State)
+    nickname = CharField()
+    variables = CharField()
+
+
+class Wallet(BaseModel):
+    max_co_signers = IntegerField()
+    min_co_signers = IntegerField()
+    initiator_user_id = ForeignKeyField(User, backref='users')
+    name = CharField()
+
+
+class WalletRequest(BaseModel):
+    token = CharField()
+    wallet_id = ForeignKeyField(User, backref='walletrequests')
+
+
+class UserWallet(BaseModel):
+    user_id = ForeignKeyField(User, backref='wallets')
+    wallet_id = ForeignKeyField(Wallet, backref='wallets')
+
+
+class PendingTX(BaseModel):
+    from_wallet_id = ForeignKeyField(Wallet, backref='pendingtx')
+    to_address = CharField()
+    amount = DoubleField()
+    fee_sat_per_byte = IntegerField()
+    status = IntegerField()
+    sign_count = IntegerField()
+    raw_data = BlobField()
+    txid = BlobField()
diff --git a/requirements.txt b/requirements.txt
index b4fae21037162df8b3163b3e30256cb0210279a6..ebd2f51ed931482ae61e36dc755f8acd85b454c9 100644
--- a/requirements.txt
+++ b/requirements.txt
@@ -1,4 +1,5 @@
 python-dotenv~=0.19.2
 bitcoinlib~=0.6.4
 python-telegram-bot~=13.11
-mysqlclient~=2.1.0
\ No newline at end of file
+mysqlclient~=2.1.0
+peewee==3.14.10
diff --git a/wallet.py b/wallet.py
new file mode 100755
index 0000000000000000000000000000000000000000..372ecf6aaf0b13c77b553465540c2976f76b1d0a
--- /dev/null
+++ b/wallet.py
@@ -0,0 +1,37 @@
+#!/bin/env python3
+from typing import Union
+from bitcoinlib.wallets import Wallet, HDKey, WalletKey
+import os
+
+from util import DBManager
+db = DBManager()
+
+
+def new_multig_wallet(userId: Union[int, str],
+                      sigs: int, klist: list[HDKey]) -> WalletKey:
+    """
+    Creates a new multisig wallet.
+    userId: name of the wallet
+    sigs: number of signatures needed for the wallet
+    klist: list of (public master) keys inside the wallet
+    """
+    return Wallet.create(name=userId,
+                         sigs_required=sigs,
+                         keys=klist,
+                         network=os.getenv("BTC_NETWORK"),
+                         db_uri=db.db_uri)
+
+
+def new_HD_key() -> HDKey:
+    """
+    Generates a new Hierarchical Deterministic key
+    """
+    return HDKey(network=os.getenv("BTC_NETWORK"))
+
+
+def main():
+    pass
+
+
+if __name__ == "__main__":
+    main()