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Revolutionizing Bitcoin: Fedi and the Fedimint Protocol with Obi Nwosu (WiM519)
The "What is Money?" Show
**Transaction Anonymity vs supply auditability **
A fixed supply necessitates the ability to audit that supply accurately. The comparison between different platforms such as Liquid, Fediment, and Bitcoin highlights how each handles supply and privacy features. Liquid offers a unique blend of functionalities that could enhance Bitcoin, particularly through the implementation of confidential transactions, which improve privacy by default. However, these confidential transactions rely on newer, less tested cryptography, introducing a risk where the assurance of sent and received amounts may be compromised. There exists a potential for exploitation through undiscovered cryptographic flaws that could manipulate transaction amounts without detection. This risk is amplified with advanced cryptographic techniques like zero-knowledge proofs, emphasizing a trade-off between transaction anonymity and dependable supply auditability.
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