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CASHU: A VISION FOR A BITCOIN POWERED ECASH ECOSYSTEM – BITCOIN MAGAZINE

A look at the long term vision for an ecosystem of Cashu powered ecash mints, and how this can evolve to meet end users' needs balanced with security and functionality.

https://bitcoinmagazine.com/technical/cashu-a-vision-for-a-bitcoin-powered-ecash-ecosystem

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Discussion

Bashno 1y ago

I am optimistic and waiting for it on fire

💯🤠

Gustavo 1y ago

Dumb question: is this running over Lightning? So it is Layer 3? Is it scalable?

calle 1y ago

Settlement is via Lightning, but it's not a Layer 3 because it offers no cryptographic guarantees, it requires trust to the mint operator. And yes, it scales insanely well.

ponymontana💜⚡ 1y ago

As I see it we have a layer of bitcoin when theres deterministic assurance to obtain your sats as a utxo to your address (minus some fees) in every case if you don't commit errors.

If someone can rug you, its not a bitcoin layer, is a custodian layer.

calle 1y ago

yeah I agree