Crypto Dictionary
Peer-to-Peer
Definition
A decentralized network model where participants interact directly with each other without an intermediary.
Deep Dive
Peer-to-Peer (P2P) describes a decentralized network model where participants (peers) interact directly with each other without the need for a central intermediary, server, or authority. In a P2P network, each node or user can act as both a client and a server, contributing resources and processing power to the network. This architecture fosters direct communication and transaction capabilities, eliminating the single points of failure and control inherent in traditional client-server or centralized systems.
Examples & Use Cases
- 1Bitcoin network
- 2BitTorrent
- 3IPFS (InterPlanetary File System)
Related Terms
DecentralizationDistributed LedgerBlockchain