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Electrum Rust Server 0.12 introduced a new indexing library requiring a full reindex, while Fedimint patched a critical gateway payment vulnerability. Q and A also updated his open-source Bitcoin Seed Tool to support seed XOR splitting.
The latest Fediment deployment in South Africa is a 5-out-of-7 Guardian Federation, the largest known, and the first to run exclusively on Start Nines and utilize iROL integration for improved reliability.
Joshua explains iROL integration simplifies Fediment setup by removing networking and DNS complexities, enhancing security with end-to-end encryption, and enabling portability across any internet-connected device, leveraging multiple network interfaces for stable connections.
Joshua states Fediment backups are static files (e.g., on USB) created once; in a 5-out-of-7 federation, five backups are needed for fund recovery, but individual guardians can restore their history from others for service continuity.
Eric notes Fediment uses Byzantine fault tolerant algorithms, which technically require specific M-of-N thresholds like 3-out-of-4, 5-out-of-7, or 7-out-of-10 to guarantee consensus and prevent transaction agreement issues, even if on-chain funds are accessible.
Erman's South African users primarily use the Conduit wallet, developed by Joshua, which is Fediment-specific and supports local payment methods like Money Badger and Zappa QR codes, enabling a high percentage of daily Bitcoin living.
Eric explains Fediment gateways are separate services that connect Lightning nodes to federations, allowing for multiple gateways per federation to provide fault tolerance and professional liquidity management without requiring user trust.
Eric believes Fediment occupies an underexplored niche by offering a pragmatic trust model between pure self-custody and full centralization, providing an acceptable alternative for communities to manage Bitcoin.