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200 sats \ 1 reply \ @garyKrause_ 11 Jan \ parent \ on: What is fedimint to you? ecash
Fedi is a company. Fedimint is a protocol.
To me Fedi<mint> looks like a strict upgrade from custodial Lightning because it has the same advantages and more (such as no routing required). Much easier to use on Nostr.
Agreed. you can also transmit ecash offline as it's just data.
The fedimint model doesn't come built in with LN liquidity or even a node. A LN node runs Gateway software along side their node that enables them to join the federation and offer LN services to the members of the mint. This is done using swaps between ecash and LN sats. Similar to the ecash <> BTC swaps done when pegging some funds into the mint.
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0 sats \ 0 replies \ @orthwyrm 11 Jan
Fedi is a company. Fedimint is a protocol.
Ah, I always get these two mixed up! Thanks.
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