Peer-to-Peer (P2P)

Refers to a decentralized network architecture where participants interact directly with each other, without the need for intermediaries, allowing for the sharing of resources, information, or services directly between individual nodes or users.

What You Need To Know

Cryptocurrencies like Bitcoin and Ethereum rely on P2P networks for transaction validation and decentralized ledger maintenance. Blockchain eliminates intermediaries by allowing direct peer-to-peer transactions. DeFi platforms enable peer-to-peer lending, borrowing, and trading without intermediaries.