Stellar Federation Address | Federated Finance - eviltoast
Federation | Stellar Documentation
developers.stellar.org
The Stellar federation protocol maps Stellar addresses to an email-like identifier that provides more information about a given user. It’s a way for Stellar client software to resolve email-like addresses such as name*yourdomain.com into account IDs like: GCCVPYFOHY7ZB7557JKENAX62LUAPLMGIWNZJAFV2MITK6T32V37KEJU. Federated addresses provide an easy way for users to share payment details by using a syntax that interoperates across different domains and providers.

What do people think about incorporating a Stellar address that is unique to your federated account with your chosen insurance.

This would allow for people to send/receive stable coins such as circles USDC. I feel the stellar network would complement Lemmy or Mastodon quite well.

  • ori@lemmy.sdf.orgOPEnglish
    1·
    1 year ago

    I’m no authority on this subject. It’s just the first instance of federation I read about before Limmey etc.

    I believe there would be some integration from Limmey, to generate the keypair along with the user account. It could be up to 3rd party apps if they if they wanted to utilise this and allow for account management from the app. Or none at all and Lemmy could just allow for exporting your private key to use elsewhere.

    As for why, I guess you don’t have a great rationale. It just seems like a progression to me. If people are communicating with each other in this manner, why not allow for payment. A person could always share a public key, PayPal or bank details if they wished. This way would just be undoubtedly linked to the person you were considering paying.

    • nitrolife@rekabu.ruEnglish
      4·
      1 year ago

      Or none at all and Lemmy could just allow for exporting your private key to use elsewhere.

      That mean that user AND server administrator will control user wallet. You think that a great idea when anyone, anywhere can create instance? I think this will lead to centralization.

      Cryptocurrency, like any financial transactions, requires serious security. Much more serious than the servers deployed for posting memes can provide. There is no need to combine incompatible things.

      • ori@lemmy.sdf.orgOPEnglish
        1·
        1 year ago

        That mean that user AND server administrator will control user wallet.

        Well, if this were the case I guess it’s not a great idea at all!