Fedi to Build Privacy-Focused Bitcoin Mobile App on Fedimint Protocol – CoinDesk
Summary
“Fedimint” is an abbreviation of the words, “federated” and “mint.” The concept was originally conceived in 1983 by renowned computer scientist and cryptographer, David Chaum, and later used to create e-cash, a primordial, albeit centralized, version of today’s cryptocurrencies. E-cash used blind signatures to preserve user privacy. Blind signatures allow a sender’s message to be cryptographically blinded (or hidden) before being digitally signed by the recipient, thereby pres…….
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“Fedimint” is an abbreviation of the phrases, “federated” and “mint.” The idea was initially conceived in 1983 by famend pc scientist and cryptographer, David Chaum, and later used to create e-money, a primordial, albeit centralized, mannequin of right now’s cryptocurrencies. E-money used blind signatures to protect consumer privateness. Blind signatures permit a sender’s message to be cryptographically blinded (or hidden) earlier than being digitally signed by the recipient, thereby preserving the sender’s anonymity.