Federated Chaumian Mints Present A Manner For Bitcoin Customers To Distribute Belief

Advertisements

The below is a direct excerpt of Marty’s Bent Issue #1193: “I am very bullish on Chaumian Mints.” Sign up for the newsletter here.

An example of how the FediMint protocol works.

We’ve talked about Chaumian Mints in this rag before in the past, specifically MiniMint (built on the FediMint protocol), and expressed how bullish we are on the concept and the benefits it could bring Bitcoiners in terms of privacy and scalability. Well, we meet here in this dark corner of the internet again to reiterate our bullishness on the project and to provide you freaks with an update from the people working 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 provide the Bitcoin open source ecosystem with the missing third pillar of the decentralized stack: custody. The Bitcoin base layer provides an open source, distributed, censorship resistant, store of value settlement layer. The Lightning Network provides a second layer, distributed, censorship resistant payments layer. FediMint, if successful, could provide the stack with an open source, distributed, censorship resistant custody layer.

FediMint achieves this by creating a Chaumian Mint that makes it easy for competent technical leaders in a given community to create a multisignature federation to process transactions for less technically competent community members. Federation members don’t know who is entering or leaving their mint and they can’t tell who is transacting within it. Making it impossible to target and censor specific individuals leveraging a mint. These are but a few of the benefits that come with Chaumian Mints.

I highly recommend you freaks check out Obi’s talk and the panel with Eric Sirion and Casey Rodarmor led by Aaron van Wirtum that follows. Very high signal over the course of forty minutes.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Brazilian Senate Approves Cryptocurrency Legislation Venture Bitcoin

Brazilian Senate Approves Cryptocurrency Legislation Venture

The Brazilian Senate has approved a recently presented cryptocurrency policy, advancing the project to...

By wpadminsonic164
Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum Whales Bitcoin

Whale Watching: A Deep Dive Into the Portfolios of the World’s Largest Ethereum Whales

While there's a number of bitcoin whales that often get caught by blockchain parsers...

By wpadminsonic164
Iran to pilot ‘nationwide cryptocurrency’, think about blockchain expertise for inventory market Bitcoin

Iran to pilot ‘nationwide cryptocurrency’, think about blockchain expertise for inventory market

The Central Bank of Iran plans to launch the pilot phase of its digital...

By wpadminsonic164
Bitcoin’s Recreation Principle Has Countless Potentialities Bitcoin

Bitcoin’s Recreation Principle Has Countless Potentialities

Read "A Look At The Game Theory Of Bitcoin," the first part of this...

By wpadminsonic164
Digital Bitcoin Occasion Keyfest takes place in January Bitcoin

Digital Bitcoin Occasion Keyfest takes place in January

Casa, a Bitcoin security company, will host a virtual festival that will celebrate the...

By wpadminsonic164
Inventory Trade of Thailand to Launch Digital Asset Trade ‘Very Quickly’ Bitcoin

Inventory Trade of Thailand to Launch Digital Asset Trade ‘Very Quickly’

The Stock Exchange of Thailand is getting ready to launch a digital asset exchange....

By wpadminsonic164
Finance guru Dave Ramsey says crypto is “enjoyable”, stays right here and may be a part of portfolios Bitcoin

Finance guru Dave Ramsey says crypto is “enjoyable”, stays right here and may be a part of portfolios

Finance guru Dave Ramsey says crypto is "fun" and can be a small part...

By wpadminsonic164
Offchain Labs launches Arbitrum One Mainnet – startup raises $ 120 million Bitcoin

Offchain Labs launches Arbitrum One Mainnet – startup raises $ 120 million

On August 31, 2021, Offchain Labs announced the official launch of the Arbitrum One...

By wpadminsonic164

Latest Posts

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today Cardano

Cardano Devs IOG Shared First Details of Third-Party Codebase Audit – U.Today

Vladislav Sopov Input Output Global's peer-to-peer networking infrastructure underwent stress tests: engineers content Very...

By wpadminsonic164
5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin Videos

5 Trillion Shiba Inu Selling | Luna Delisting | China & Bitcoin

Hey Everyone Kaise hain aap Sab Telegram Channel - https://t.me/oyeeerahul1 Twitter - https://twitter.com/oyeee_rahul SIP...

By wpadminsonic164
Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol Polkadot

Digital currency Prices Today May 19: Bitcoin drops, Ether stoops more than 4%; Polkadot greatest drag – Moneycontrol

a,.special_wrapbx a{color:#333;font:400 11px Lato,sans-serif}.user_after_login a, .user_before_login a {color: #333333;font: 11px 'Lato',sans-serif;}.dropdown-menu{display:none;background-clip:border-box!important}.header_desktop .dropdown-menu>li{border-bottom:1px solid #e9e9e9}.header_desktop...

By wpadminsonic164
XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic Stellar

XLM Price Analysis: Bearish feeling yet to die down for Stellar – The Coin Republic

No result View All Result © Copyright 2022. The Coin Republic Are you sure...

By wpadminsonic164
Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com Binance

Crypto Flipsider Information – Crypto.com Suspends Withdrawals, Loses $15M, Binance’s Thai Alternate, $792M in BNB Burned, EIP-1559 Dwell on Polygon, Spain and Singapore Crypto Advert Ban, Bulgaria and UK Prime Crypto Holding by DailyCoin – Investing.com

Crypto Flipsider News – Crypto.com Suspends Withdrawals, Loses $15M, Binance's Thai Exchange, $792M in...

By wpadminsonic164
Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times Binance

Larry Ellison, Binance and Sequoia back Elon Musk’s $44bn Twitter offered – Financial Times

Elon Musk has raised $7.14bn of funding for his $44bn buyout of Twitter from...

By wpadminsonic164
New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token |  BTCMANAGER – BTCMANAGER Dogecoin

New cryptocurrency race for the place of the Dogecoins – The 1000% positioned HUH token, the thetan enviornment and the magic token | BTCMANAGER – BTCMANAGER

HUH token, Thetan Arena and Spell Token have proven to be hugely popular, although...

By wpadminsonic164
Cardano Whale Transactions Hit 4-Month High – The Coin Republic Cardano

Cardano Whale Transactions Hit 4-Month High – The Coin Republic

ADA Price at the time of writing – $0.5604It's market cap is down by...

By wpadminsonic164