The post Fedi Launches A Bitcoin Operating System For Communities appeared on BitcoinEthereumNews.com.

Following a year of incubation, “Community Superapp” Fedi officially launched yesterday and has announced plans to open source its freedom technology stack. Introduced back in 2022, Fedi is a financial platform looking to empower individuals with financial access and resources by leveraging the power of local communities. Engineered with a privacy-first mindset, the release of Fedi is a major step forward in promoting grassroots economic development and individual freedom. The Fedimint consensus protocol allows community leaders to organize common resources, support its participants’ sovereignty and stimulate social opportunities. “A single piece of software that can replace multiple legacy apps with safe and secure alternatives powered not by corporations, but communities.” Yesterday’s release focused on the individuals behind this effort and their unique vision for the project. In a presentation available on Fedi’s website, the company highlights how different partners including humanitarian groups are exploring ways to make communities more sustainable using the application. “Those of us who have the care, vision and determination to make it happen,” says the company’s co-founder Obi Nwosu. In the image of its communities At the core of Fedi is the idea that individuals should have better agency in choosing who to trust with their money and data. In Madeira, Portugal, a non-profit organization is connecting entrepreneurs, merchants and Bitcoin enthusiasts using the Fedi application. Free Madeira operates a federation that offers different services supporting the local Bitcoin economy. Everything is centered around the community and its members. While applications such as custody, payments, and messaging have historically been the purview of corporations and opaque service providers, Fedi allows neighbors, groups and local associations to use its technology at the service of others. Unlike other Bitcoin protocols attempting to eliminate trust, the project seeks to enable the potential of real-world relationships and connections between its…

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Filed under: News - @ August 7, 2024 7:16 pm