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Hey so here is an excerpt ELI5 style, without repeating the word "chaumian" or "mint" a gazillion times.

Think of it this way: it's a custodial Bitcoin wallet in which the server does not know who owns what and who transacts with whom. It's a major privacy improvement over classical custodianship.

full tweet by calle https://nitter.net/callebtc/status/1569986122264227840?t=yV3_LXHN2_iL5MzYl-8sOw&s=19

Excellent explanation.

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