veronika on Nostr: iiuc the federation itself would act as the statechain entity (SE) in this case. If ...
iiuc the federation itself would act as the statechain entity (SE) in this case.
If so, who holds the transitory key? The user itself? The user uses a federation *because* they don’t want to self-custody though.
Or would that key also be custodied by the fed? Like in any other Fedi-Setup.
If so, the fed still couldn’t move funds themselves, so safe here 👌
BUT this scenario wouldn’t protect against the fed being unresponsive/disappearing, no?
To broadcast the pre-signed, timelocked output tx, that I get as a user to protect me against the fed disappearing, the user needs its key, no?
I probably have some twist in my thinking..
Statechains + Fedimints are definitely a very interesting combination and quite some thoughts are popping up in my head.
Also need to do some more statechain digging.
An interesting feature of statechains is also that one can transfer ownership of one public key of a multisig UTXO (i.e. side of LN channel or position in DLC contract). I wonder how that could combine with federated channel factories or something alike where *users* can swap in and out.
If so, who holds the transitory key? The user itself? The user uses a federation *because* they don’t want to self-custody though.
Or would that key also be custodied by the fed? Like in any other Fedi-Setup.
If so, the fed still couldn’t move funds themselves, so safe here 👌
BUT this scenario wouldn’t protect against the fed being unresponsive/disappearing, no?
To broadcast the pre-signed, timelocked output tx, that I get as a user to protect me against the fed disappearing, the user needs its key, no?
I probably have some twist in my thinking..
Statechains + Fedimints are definitely a very interesting combination and quite some thoughts are popping up in my head.
Also need to do some more statechain digging.
An interesting feature of statechains is also that one can transfer ownership of one public key of a multisig UTXO (i.e. side of LN channel or position in DLC contract). I wonder how that could combine with federated channel factories or something alike where *users* can swap in and out.