# Peer-to-Peer (P2P) 1. Peer-to-peer refers to systems that work like an organized collective by allowing each individual to interact directly with the others. In the case of [[Bitcoin (blockchain)]], the network is built in such a way that each user is broadcasting the [[Transaction(s)|transactions]] of other users. And, crucially, no bank is required as a third party. 3. Refers to the [[decentralized]] interactions that happen between at least two parties in a highly interconnected network. P2P participants deal directly with each other through a single mediation point. 4. A peer-to-peer network that distributes computing tasks among many, private computers ([[decentralized]]), instead of using company computers ([[centralized]]). 6. Denoting or relating to computer networks in which each computer can act as a server for the others, allowing shared access to files and peripherals without the need for a central server. 6. Dealing directly through a single mediation point, participants of a Peer to Peer (P2P) network deal directly with each other using [[decentralized]] interactions in a highly interconnected network. 7. Peer to peer or P2P is defined as a connection between two or more computers that allows them to directly share information, files, or other data. The word peer itself just means someone who is equal to another. Peers might share the same history, skills, power, etc. In a peer to peer network, there are no privileged peers with special rights or advantages. Every peer has the same rights and they all share the workload.