FediMint may perchance perhaps supply the Bitcoin stack with an launch supply, dispensed, censorship resistant custody layer for much less technical Bitcoin users.
FediMint may perchance perhaps supply the Bitcoin stack with an launch supply, dispensed, censorship resistant custody layer for much less technical Bitcoin users.
The under is an instantaneous excerpt of Marty’s Zigzag Effort #1193: “I’m very bullish on Chaumian Mints.” Be a half of the e-newsletter here.
An instance of how the FediMint protocol works.
We’ve talked about Chaumian Mints on this rag earlier than in the previous, namely MiniMint (built on the FediMint protocol), and expressed how bullish we are on the belief and the benefits it may probably perhaps perhaps perhaps bring Bitcoiners in phrases of privateness and scalability. Well, we meet here on this dark corner of the online again to reiterate our bullishness on the project and to present you freaks with an update from the of us engaged on the protocol.
Above is a timestamped YouTube video that begins with a keynote speech from Obi Nwosu describing why he believes that FediMint can present the Bitcoin launch supply ecosystem with the missing third pillar of the decentralized stack: custody. The Bitcoin tainted layer offers an launch supply, dispensed, censorship resistant, store of label settlement layer. The Lightning Network offers a 2d layer, dispensed, censorship resistant payments layer. FediMint, if a hit, may perchance perhaps supply the stack with an launch supply, dispensed, censorship resistant custody layer.
FediMint achieves this by increasing a Chaumian Mint that makes it easy for competent technical leaders in a given community to impression a multisignature federation to route of transactions for much less technically competent community contributors. Federation contributors have faith not know who is coming into or leaving their mint and they also’ll not show who is transacting inside of it. Making it very not going to target and censor relate individuals leveraging a mint. These are but just a number of the benefits that include Chaumian Mints.
I highly counsel you freaks test out Obi’s talk and the panel with Eric Sirion and Casey Rodarmor led by Aaron van Wirdum that follows. Very excessive signal over the route of forty minutes.
