Checkbook localizes and parallelizes funding without compromising on security. Localization enables the delegation of approval power to respective project leads, the local signers, who are the most knowledgeable about the decision, and parallelization allows multiple workstreams to take place simultaneously without blocking one another. Not only do localization and parallelization increase efficiency, but they also increase throughput by enabling funding ideas to emerge from the bottom-up. On Gnosis, only the signers can propose a transaction. With Checkbook, anyone can propose the amount they'd like to get funded, and signers can approve it. Nonces still exist to label transactions with a unique number but need not be executed in numerical order. For example, if you have three transactions queued, you can execute them in the order of (1, 2, 3), (2, 1, 3), (3, 2, 1), or any other permutation.