I’m still confused about Cashu. No one has clearly articulated how it works to me. I’ve asked “where do I spend it?” and haven’t received an answer. Some people barely understand Bitcoin and its uses. How does one expect someone to understand Cashu on top of it? I’m being serious.
What are the benefits of using Cashu? Is there a white paper about it? Does it have a mathematical foundation? What’s the purpose? What problems will it solve?
Someone can chime in. I’m all ears. Be respectful.
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Replies (5)
If you are already using a custodial lightning wallet, you can think of them as the same thing but with better privacy.
Here you go ..this tutorial is a bit old but explains how it works
cashu exists because bitcoin in its current state can't deliver a high level of privacy and a good UX without stripping off its entire security model. cashu sats are literally not bitcoin, they are custodial IOUs with no security whatsoever. it's a custodial altcoin toy. nobody is ever going to do anything serious with it.
Ecash is offline p2p token which be minted by a lightning btc custody entity
E-cash all it is, is when you initiate a lightning payment. The one running The Mint sends the lightning payment on your behalf. That is why it's private.