The under is a direct excerpt of Marty’s Bent Situation #1266: “A Fedimint signet seems out of the wild.” Join the publication right here.
Person show on the Fluttermint cellular app after receiving signet ecash tokens.
Earlier this week, Eric Sirion introduced the official launch of the primary public signet (a testnet) for Fedimint, the open supply protocol that enables individuals to simply create their very own Chaumian Mints on prime of the LNP/BP stack. This can be a very thrilling factor to see as a result of it signifies that these constructing out the protocol are making materials progress and a mainnet being prepared for the general public appears to be in sight.
I had the pleasure of taking the signet model for a spin.
Regardless that that is solely working on signet and the functionalities are slightly restricted — you’ll be able to be part of a mint, obtain signet ecash tokens that symbolize sats and ship these ecash tokens — it was a fairly magical consumer expertise. The benefit and pace with which it took to hitch the mint and obtain sats from Sirion’s faucet utilizing the Fluttermint cellular app was fairly stunning. If this expertise may be replicated on mainnet, it is not exhausting to see how these federated mints can change into standard in a comparatively quick period of time.
This was particularly obvious on the receiving facet of issues. I created a QR bill on my telephone then had my laptop computer digital camera scan the QR code from the tap web page and the tokens arrived in my pockets virtually instantaneously. Once more, it’s but to be seen if this expertise would be the similar when the protocol is prepared for wider adoption by way of mainnet, however this can be a very promising begin for the protocol.
We’ll hold you freaks posted on how the event of Fedimint progresses.
Onward!
