I think you answered my upcoming question which would be, why? If we have lightning then why do we need another. You mentioned something about it not being in the blockchain, but isn’t it beneficial to be on the blockchain? Isn’t that part of what makes bitcoin what it is?
You’ll pardon me as I am still quite new to all of this. Just trying to get used to lightning and on chain payments and now y’all throw this at me 😝
Login to reply
Replies (1)
That’s a good question, and honestly, it makes sense to ask, especially if you’re just getting into all this. The big thing with eCash (like eNuts) is that it’s not on the blockchain, which can sound strange since Bitcoin’s blockchain is such a big deal. But the whole point is to offer something a little different: privacy and speed.
Because it’s off-chain, there’s no public record of eCash transactions. They’re still secure, but they don’t leave a trail, which is great for situations where privacy is important. Plus, since they’re not relying on the blockchain, they’re super fast and basically free to send, even for really small payments.
It’s not about replacing Lightning or on-chain Bitcoin—it’s more like they all work together. The blockchain is the foundation, Lightning is for fast and scalable payments, and eCash is for super-private and lightweight transactions. Each has its role, depending on what you need.