What is Peer-to-peer (p2p)

Peer to peer is a decentralized system that allows actors to directly interact with each other without the need for an intermediary. It first became more widely adopted in the 1990s thanks to file sharing systems. As the number of peers increases in the network, the network becomes safer, and its scalability also improves.

The concept of peer-to-peer systems has numerous applications, one of which is cryptocurrency. Users within a peer-to-peer networks are usually connected over the internet.