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Revolutionizing Bitcoin: Fedi and the Fedimint Protocol with Obi Nwosu (WiM519)
The "What is Money?" Show
**Fedi & Lighting working together like local roads and interstate highways **
The Federated Protocol (Fedi) and the Lightning Network serve as complementary systems for facilitating off-chain transactions. The Lightning Network acts as the high-capacity connection between various federations, comparable to interstate highways, facilitating significant transactional throughput similar to how major roads connect cities. In contrast, Fedi operates at a local level, providing a more manageable, lower-volume transactional capability akin to local roads and streets within cities. Users can opt to run their own Lightning nodes similar to private roads; however, reliable performance akin to that of established services requires more resources and maintenance due to higher transaction volumes. Individuals engaging infrequently may find running a personal node sufficient, while those requiring consistent and efficient service will benefit from the infrastructure supported by larger organizations with dedicated resources. Generally, economic density maximizes transactions in urban areas, emphasizing local interactions for most daily needs such as food, accommodations, and entertainment.
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