Fedi Launches Community Superapp, Opens Source Code for Freedom Technology Stack
After a year of development, the highly anticipated “Community Superapp” Fedi officially launched yesterday, unveiling its plans to open source its freedom technology stack. Fedi, a financial platform introduced in 2022, aims to empower individuals with financial access and resources by harnessing the power of local communities.
Engineered with a privacy-first mindset, Fedi’s release marks a significant milestone in promoting grassroots economic development and individual freedom. The Fedimint consensus protocol enables community leaders to organize common resources, support participants’ sovereignty, and foster social opportunities.
“A single piece of software that can replace multiple legacy apps with safe and secure alternatives powered not by corporations, but communities,” stated the company’s co-founder Obi Nwosu.
The launch event highlighted the unique vision behind Fedi, showcasing how partners, including humanitarian groups, are exploring ways to make communities more sustainable using the application. Free Madeira, a non-profit organization in Madeira, Portugal, is connecting entrepreneurs, merchants, and Bitcoin enthusiasts through the Fedi application, offering various services to support the local Bitcoin economy.
Unlike traditional Bitcoin protocols focused on eliminating trust, Fedi emphasizes real-world relationships and connections between users, enabling communities to leverage its technology for mutual benefit. Guardians, or operators, can customize their community’s experience, tailoring the platform to meet participants’ needs.
Fedi’s technology architecture, based on the Fedimint protocol created by Bitcoin developer Eric Sirion, introduces a novel approach to custody called “community custody.” This model relies on a federation of guardians to share control of members’ assets, using threshold signatures to eliminate trust in a single party.
In addition to secure custody solutions, Fedi leverages Chaumian eCash for private transactions and protection of balances from observers. The platform’s consensus system supports a range of use cases, offering modular “freedom tools” like encrypted messaging, private groups, and social payments.
More than just a wallet, Fedi serves as an operating system for communities, empowering them to participate in the digital economy. Notable features introduced during the launch include offline payments and “Stable Balance” to peg users’ balances to their local currency.
The Fedi app is now available on iOS and Android, with opportunities for community leaders and organizations to build with Fedi and access grants for development. The project’s commitment to community empowerment and financial inclusion sets a new standard for decentralized finance platforms.
