Crusty 👨💻 on Nostr: I would not call it a token. Cashu is the protocol. So cashu is chaumian ecash ...
I would not call it a token. Cashu is the protocol.
So cashu is chaumian ecash protocol on bitcoin.
It works like having receipt of bitcoins that you store at a custodian. You can either put in more bitcoin and mint more ecash, or melt your ecash and get back your bitcoin. But this is done in a private way.
Published at
2024-09-26 18:09:42Event JSON
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"content": "I would not call it a token. Cashu is the protocol.\n\nSo cashu is chaumian ecash protocol on bitcoin. \n\nIt works like having receipt of bitcoins that you store at a custodian. You can either put in more bitcoin and mint more ecash, or melt your ecash and get back your bitcoin. But this is done in a private way.",
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