teemupleb on Nostr: #Bitcoin banks in cyberspace.. read about deez nuts ...

#Bitcoin banks in cyberspace.. read about deez nuts

quoting note1jj9…j6f0

#Cashu is an open protocol that brings Chaumian e-cash to #Bitcoin, enabling instant, free, and private transactions through "mints" that issue IOU tokens backed by BTC.

While offering privacy and ease for small transactions, these tokens are custodial, presenting risks for rug pulls (best practice is to use e-cash sats as transactional currency)!

Cashu integrates with the Lightning Network for broader Bitcoin ecosystem interaction, making Lighting easier to use and more private, but also with inherent trade-offs in custody and regulatory risks if large banks and exchanges adopt it.

Read more here: https://stacker.news/items/688053/r/teemupleb

#cashu #ecash #lightning #lightningnetwork #privacy #opensource #mints #nuts #deeznuts #plebchain #nostr #growstr #grownnostr #ChaumianEcash #BlindSignatures #BitcoinMints #FinancialPrivacy #Microtransactions #FinancialTechnology #OpenSourceFinance #PaymentSystems #btc #zap #zapathon #zaps #freedom #satoshi #nostrplebs