I meant to say what is difference between cashu and say wrapped bitcoin on eth or matic? I feels very similar 😅

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According to Cashu folks it not an ERC 20 kinda token where its pegged to bitcoin. But...you need Bitcoin to create and dispose the tokens (buy tokens with bitcoin or in fancy terms - mint/melt ). Its price is determined by Bitcoin. When you are using the tokens as money - for example to buy eggs - it doesnt use sats, it uses the token value. If there are many tokens moving forward, people are not going to use sats. So even though its not an ERC20 token, it seems like it carries a lot of altcoin ethos.

So it's a BRC20 with extra steps and possibly more centralization