Litecoin Founder claims Bitcoin with Lightning network fits closely to Satoshi’s Vision

There’s a civil war between Bitcoin and Bitcoin Cash teams, on which blockchain fits closely to Satoshi’s Vision of a decentralized peer-to-peer method of payment. Bitcoin’s dev team headed by Blockstream claim that Bitcoin with Lightning network is the future of Bitcoin, while Bitcoin Cash dev team claim that Bitcoin Cash with a larger block size resembles more closely to Satoshi’s vision.

Charlie Lee, the creator of Litecoin, supporting the original Bitcoin developers tweets that Bitcoin with Lightning network fits the original Satoshi’s Vision. In a series of recent tweets, Charlie Lee goes on to explain the difference between Peer – to – Peer (P2P) transactions on Bitcoin & Litecoin over On Chain transactions and Lightning Network.

He begins by saying that ‘on-chain’ payments are not P2P, as the miners facilitate this transaction. According to Charlie Lee, the broadcast that a transaction has occurred to the entire network is P2P.

Whereas on the Lightning Network, according to Charlie Lee, payment through lightning network happens between the Sender and Receiver with no real ‘middlemen’ involved.

And finally, he adds,

Discuss this news on our Telegram Community. Subscribe to us on Google news and do follow us on Twitter @Blockmanity

Did you like the news you just read? Please leave a feedback to help us serve you better

Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.