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So Cashu runs on lightning

Yes*

*cashu is just a protocol, just like lightning. Litecoin was the first to use the lightning protocol; so anyone can take the cashu protocol and use it for whatever coin they want

very easy to find out if the mint is scamming you; just simply try to spend that mints cashu tokens to a lightning invoice

If it melts, confirmed; the mint has the money they said they did

If it does not melt (convert from cashu->⚡), then the mint is a scam, & we blacklist the mint publicly

Bitcoinmints.com & cashumints.space are places to view mints to select from with rankings.

audit.8333.space is a mint auditing site, showing which mints have the funds they say they do, and who doesn't. Works great.

Cashu.space is general FAQ site to learn more.

Hope this information helps

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Discussion

Tristan Brice Velloza Kildaire 1y ago

Ah so scam ones are those who lie about having backing-BTC in the bank?

SUPERMAX 1y ago

Yes. And we can easily (& very publicly) call them out

Tristan Brice Velloza Kildaire 1y ago

Awesome!

Tristan Brice Velloza Kildaire 1y ago

Also, lastly. Dumb question. The 1 cashu is 1 sat?

That would make sense. Hence the protocol focus.

SUPERMAX 1y ago

Yes. Cashu denominates all amounts in sats

There are also stable mints, which peg your cashu wallet to $ if desired (all backed by Bitcoin)

Both Boardwalk.cash & stablenut.umint.cash have fiat pegs if desired. Can always denominate in Bitcoin too. User choice.

Tristan Brice Velloza Kildaire 1y ago

Been reading the cashu docs. Thanks.

Tristan Brice Velloza Kildaire 1y ago

One more thing, Lightning, I have read a little about it.

Is there one lightning network that multiple coins use? As you mentioned Litecoin?

SUPERMAX 1y ago

Nope*, just one lightning network, which uses Bitcoin UTXO's as the infrastructure between two peers

*there are services that swap in/out from LN to something like Liquid (Blockstreams federated blockchain product [mirrors Bitcoin, with super tiny changes]), but no second layer for other chains

Tristan Brice Velloza Kildaire 1y ago

Ah makes sense. I see, I see. That's neat.

I have a base understanding of lightning. The channels and then how you can route via them etc.

Commit to open channel, do stuff off chain, and commit balences at end.