Crypto 360°: @SatoshiLite: 1/ On-chain Bitcoin and Litecoin payments are not peer-to-peer. Payments are sent from sender to miners, who record it on a distributed ledger. The recipient receives the payment when it's recorded. BUT, this is facilitated by a p2p network where transactions are broadcasted.

Saturday, 6 October 2018

@SatoshiLite: 1/ On-chain Bitcoin and Litecoin payments are not peer-to-peer. Payments are sent from sender to miners, who record it on a distributed ledger. The recipient receives the payment when it's recorded. BUT, this is facilitated by a p2p network where transactions are broadcasted.

@SatoshiLite: 1/ On-chain Bitcoin and Litecoin payments are not peer-to-peer. Payments are sent from sender to miners, who record it on a distributed ledger. The recipient receives the payment when it's recorded. BUT, this is facilitated by a p2p network where transactions are broadcasted.

submitted by /u/CBDoctor
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source https://www.reddit.com/r/btc/comments/9lv0gs/satoshilite_1_onchain_bitcoin_and_litecoin/

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