“Fedimint” is an abbreviation of the phrases, “federated” and “mint.” The idea was initially conceived in 1983 by famend laptop scientist and cryptographer, David Chaum, and later used to create e-cash, a primordial, albeit centralized, model of as we speak’s cryptocurrencies. E-cash used blind signatures to protect consumer privateness. Blind signatures enable a sender’s message to be cryptographically blinded (or hidden) earlier than being digitally signed by the recipient, thereby preserving the sender’s anonymity.
