“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 preserving the sender’s anonymity.
Related posts
-
Bitcoin Network Eases Up: Difficulty Falls 4.6% at Block 862,848
Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by... -
Bitcoin Capped Below $65,000 As RSI Falls Below 80 In Monthly Chart: Should You Worry?
Este artículo también está disponible en español. Bitcoin is firm at press time. According to CoinMarketCap... -
The Next Wave of AI Is Mobile
By processing data locally on mobile devices, the industry stands to achieve far lower latency, enhanced...