Below is a live excerpt of Marty’s Bent Issue #1266: “The Fedimint sign appeared in the wild.” Sign up for the newsletter here.
Earlier this week, Eric Sirion announced the official launch of the first public symbols network (a test network) for Fedimint, the open source protocol that allows anyone to easily create Chaumian Mints at the top of the LNP/BP stack. This is a very interesting thing to see as it means that the builders of the protocol are making significant progress and a mainnet ready for the public seems to be on the horizon.
I had fun using the sign version for the shoot.
While this feature only runs on signet and the functionality is rather limited – you can join a mint, get ecash signet tokens representing sats and deposit those ecash tokens – it’s a user experience quite miraculous. The ease and speed it takes to join mints and get sats from Sirion’s faucet using the Fluttermint mobile app is quite surprising. If this experience can be replicated on mainnet, it’s not hard to see how popular these conjugated mints can become in a relatively short amount of time.
This is especially evident on the receiving side of things. I generated a QR invoice on my phone, then my laptop camera scanned the QR code from the faucet page and the tokens arrived to my wallet almost instantly. Again, it is not yet known if this experience will be the same as the protocol is ready for wider adoption through the mainnet, but this is a very promising start for the protocol.
We will keep you informed about how Fedimint evolves.