I was exploring on fed servers and understood that
They are servers which host Stellar.toml file on their /.well-known/stellar.toml path
This server keeps the binding of selected username and Stellar notwork address.
When a transaction request is being made on any Fed address then Protocol 1st resolves the Binded address and then execute the transaction
If my understanding is correct on above (Please mark in case of any mis information mentioned above)
Question
1 - Who are authorised to host these servers
2 - Data hosted on these servers are centralized on Decentralized
3 - if Centralized then there should a risk of single point of failure
4 - This whole concept looks like a Virtual address concept (currently being used in India, where we can create virtual readable address and link those with our bank account and send transactions)
Regards