Obi Nwosu (Fedi) on Second-Party Custody with Fedimint (EP.344)
On The Brink with Castle Island
00:00
The Idea of Multiple People Holding a Bit Coin
Before bitqoin, you could only have one person holding the cash. There was no way to get a ten dollar note and have five or six people hold it. A block stream came up with the idea of liquid and side chang - they needed a way to hold the bit coin on behalf of multiple people in this autimateo fashion. They popularized an idea called federations which is a way of effecting taking a process that would normally bem implemented and executed by just one person.
Play episode from 28:22
Transcript
