Who’s back THB taproot asset ?
Cashu x Taproot Asset:
I’ve been developing a Taproot Asset-backed Cashu mint that supports THB, built on Nutshell.
Here's a testing demo, a merchant request payment in THB on Cashu.me while the payer sends sats on LNbits via the Lightning Network
The payment clears instantly and seamlessly. ⚡
https://blossom.primal.net/32dd3e98d9563f3654ab36835e6e47fef4a90206415c19249596e6410137fd17.mov
#siamstr #bitcoin #lightning #cashu
Discussion
In this demo, the THB Taproot asset runs on regtest, so it has no real monetary value.
The exchange rate between sats and THB is fetched from a trusted oracle, and in a real deployment, edge nodes would be responsible for backing the THB asset and maintaining its redemption guarantee.
Wow that’s great