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Replying to tolot

Cashu is NOT sats. A Cashu token (usually called ecash or "nut") is just a token, an IOU, a "voucher".

The nice thing about Cashu Protocol is that it creates a standard for some providers (mints) that are Lightning nodes to create ecash pegged 1-to-1 with sats. So if you go to a cashu mint to get some ecash the mint will ask you to pay an invoice of X sats, you pay the LN invoice and the mint returns to you X ecash tokens. The mint promises to let you redeem the tokens 1-to-1with sats.

This is how the cashu protocol works

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Chad Lupkes 1y ago

I just watched the nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8 overview on cashu, and I think I get it. It's not sats directly, but it's a token that can be used to make payments within an ecash node that carry the same value. I haven't gotten deep enough to need this myself yet, but I'm glad it exists.

Thanks for responding!

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tolot 1y ago

caahu.space is a great place to start learing it

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