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
tolot
npub1ln…r8v28
2024-05-10 21:20:10
in reply to nevent1q…nu3h
Author Public Key
npub1lnjpw7at64lkf5cz5lcymdx3zayc8c60hlp8ykqxpjcjlagyehyqlr8v28Published at
2024-05-10 21:20:10Event JSON
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"created_at": 1715376010,
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"content": "Cashu is NOT sats. A Cashu token (usually called ecash or \"nut\") is just a token, an IOU, a \"voucher\".\n\nThe 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.\n\nThis is how the cashu protocol works",
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