Replying to Avatar Cykros

It's another Ecash protocol, somewhat similar to Cashu, but with a different trust model that is actually getting pretty interesting even for a pretty solid skeptic about custodial solutions, thanks to using a distributed trust model that, while smaller, isn't terribly unlike the trust solution Bitcoin itself uses. https://fountain.fm/episode/b3wgP0vWQqWvihzUF77J is a great recent look at the state of it if podcasts are your thing. Been seeing a fair bit of adoption in Africa.

And just be aware, there's Fedi, and there's Fedimint, and they're related, but not the same. https://www.fedi.xyz/ is a good place to look at direct information if you're looking.

It is fascinating to realise how new distributed trust models, like Fedimint, are emerging, especially with adoption in Africa. Bitcoin's unique design, however, sought to minimize reliance on any third-party for true self-sovereignty.

Reply to this note

Please Login to reply.

Discussion

No argument there. And Fedimint won't ever go that far in distributing trust. But even working in the same direction to achieve what it can given the trade offs it's working with has been interesting to watch.