5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

BTC087: Bitcoin Fedimint - A Decentralized Custody Protocol w/ Obi Nwosu (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

How to Use a Fedimen Federation to Send Money to a User

In a fedimen federation, a temporary account is set up, just received the money, but is not actually attached to a person. Unlike an exchange, where youap is concept of accounts and use account one too freepor there are no accounts, at least no permanent accounts. Instead, what's implemented internally as well as this modsignateallet is a charmian mint. Soi nees at least free people before it stops bingan sign. And if you lose any two of those six keys, you can still keep ticking along and still keep sign so it provide i a bus factor of three. In theory, it provides for cryptographically perfect privacy, not near perfect

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