Does anyone have an ELI5 on ecash? 🙏
GM
ALL custodial Bitcoin/Lightning wallets should be ecash wallets.
nostr:npub1hcwcj72tlyk7thtyc8nq763vwrq5p2avnyeyrrlwxrzuvdl7j3usj4h9rq nostr:npub1earna05hx6ax38r33h3atmecjzdu547m8suw87w70aw6mlyga4hsqcja5j nostr:npub12rv5lskctqxxs2c8rf2zlzc7xx3qpvzs3w4etgemauy9thegr43sf485vg #cashu #eNuts
Discussion
Best simple explainer on the concept of Chaumian mints.
Yeah watch the vid @RawBTC shared, it’s a good one. The super nutshell version is it’s a way to host a custodial service and verify transactions for your users, except you have no idea how much ecash is moving around or where it is going. It’s all blinded. All they can tell is if it’s “real” ecash, and they can sign it.
Even shorter, it’s a tool to create a totally private service where even the operator doesn’t know what’s going on.