From cdf4a9fee5499f4ca7cf3d43dab432adf2b796e9 Mon Sep 17 00:00:00 2001 From: MariruWanjiru Date: Tue, 11 Feb 2025 05:17:13 +0300 Subject: [PATCH] Update eCashToken.md --- docs/CommonTerms/eCashToken.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/docs/CommonTerms/eCashToken.md b/docs/CommonTerms/eCashToken.md index 861c050d..30c8083a 100644 --- a/docs/CommonTerms/eCashToken.md +++ b/docs/CommonTerms/eCashToken.md @@ -16,10 +16,10 @@ These terms have been chosen to represent the fact that the circulating currency In reality the eCash tokens are claims against the bitcoin that is held in a multi-signature vault by the federation guardians. See [What is a Fedimint](/docs/GettingStarted/What-is-a-Fedimint). -The fm-BTC therefore is a means of the federation keeping track of the outstanding claims for the bitcoin which is held. +The fm-BTC, therefore, is a means for the federation to keep track of the outstanding claims on the bitcoin it holds. These claims are not cryptographically enforced, but instead rely on honest federation guardians to honor the withdrawals. --- -[^1] On-chain referring to bitcoin that is unencumbered on the bitcoin time chain with the private keys controlled by the user. \ No newline at end of file +[^1] On-chain referring to bitcoin that is unencumbered on the bitcoin time chain with the private keys controlled by the user.