pull down to refresh
39 sats \ 4 replies \ @DarthCoin 28 May \ parent \ on: ELI5: what does ecash do different than lightning? bitcoin
Please mention that those "transactions" are NOT bitcoin transactions. Are only trading digital gift cards.
The bitcoin transaction come in place ONLY when you redeem that gift card, over LN, to a real LN wallet / node.
Let's not confuse noobs with fancy terms, just for the sake of saying that ecash is Bitcoin.
I like the gift card analogy. I agree that ecash isn't bitcoin.
reply
ah ok, so a use case would be, I have some sort of award/reward system on my website, but my users are not bitcoiners, so I could ecash which would make it easier to onboard newbs, but they can still redeem for real sats when/if they are inclined.
reply
With an ecash wallet users can hold 100 sats without opening a channel or dealing with liquidity issues. I just sent corn from stacker news to my e-cash wallet via lightning, ecash isnt bitcoin but its pretty interoperable and will likely replace lightning as a medium of exchange.
reply
That's nothing to do with ECash, same is true of SQL... custodial sats are custodial sats no matter how you authenticate to the server
reply