What is P2P (Peer to Peer)?

P2P (Peer to Peer)

While being heard and used by a wide audience today, through to cryptocurrencies, P2P actually gained popularity in the 1990s. This network protocol, whose popularity increased with the creation of the first file sharing programs, maintains its importance in blockchain, which is the basis of many cryptocurrencies.

Of course, cryptocurrencies are not the only area where they are used. To give a few examples of other usage areas, we can list the following:

● Searching engines
● File sharing sites
● Messaging apps
● Various financial systems

We thought it would be useful to find out what P2P is. Let’s take a look at our article explaining the P2P technology.

What is P2P (Peer to Peer)?

As a general definition for P2P, we can say that it is the exchange of information, data or assets between parties without the involvement of a central authority. To be more precise, they are transactions that are carried out directly between individuals without the need for the approval of a third person or institution.

People do not need to go to a financial institution for purchases made using P2P. People can easily transfer currencies from their account to another account. Since P2P is based on digital transfers, you can trade wherever you have an internet connection.

P2P basically unites many computers and opens them to data sharing and serves us data from unlimited sources. This means that thanks to P2P, you can send data to millions of people at a time without having to deal with sending data one by one.

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