Volkrad on Nostr: Cashu is a bearer token. While fedimint is a public ledger. Because Cashu is a bearer ...
Cashu is a bearer token. While fedimint is a public ledger. Because Cashu is a bearer token it is completely private to transact with (not even the mint knows who owns it). With a fedimint the Federation knows what adres holds what coins but with Cashu there is no adres. Your claim to the sats is stored in a piece of text. Its basicly chaimian E-cash but then build on top of Bitcoin lightning. There is some trust required in de Cashu mint just like with a fedimint.
Published at
2023-09-09 04:24:07Event JSON
{
"id": "a2ba5337d2d5ad5781726d96847507b54d20df0db0fb249b25b1b1e658cf4f42",
"pubkey": "d251b11adc2a577e37042813415234965fe1c0a9e7a355000a6189c9eda93e90",
"created_at": 1694233447,
"kind": 1,
"tags": [
[
"e",
"ee868eead81c0f705315931e3fd22bb4e5c6ebc3343e834712e1c18a52349642",
"",
"root"
],
[
"e",
"d184bedc33732d04c602ecb1326dd2ace9b758b473885c7492a158755a781ce4"
],
[
"e",
"b3bbf6ee30153b7aa5ba376b18b7501e2717eb13254893f4b977e421d835f261",
"",
"reply"
],
[
"p",
"d5415a313d38461ff93a8c170f941b2cd4a66a5cfdbb093406960f6cb317849f"
],
[
"p",
"ee6ea13ab9fe5c4a68eaf9b1a34fe014a66b40117c50ee2a614f4cda959b6e74"
]
],
"content": "Cashu is a bearer token. While fedimint is a public ledger. Because Cashu is a bearer token it is completely private to transact with (not even the mint knows who owns it). With a fedimint the Federation knows what adres holds what coins but with Cashu there is no adres. Your claim to the sats is stored in a piece of text. Its basicly chaimian E-cash but then build on top of Bitcoin lightning. There is some trust required in de Cashu mint just like with a fedimint.",
"sig": "83f11eb9648e56939ddb082b777f790f346c8955c6a7ab56c2ffef4da352afc0415f95b9bbe4c0ad2c29a6805f8042fc5268d0a66d0639030af36ec884067080"
}
