A network model where participants interact directly without central intermediaries.
Peer-to-peer systems connect participants directly, allowing them to exchange data or value without a central server. Blockchains like Bitcoin Cash use P2P networking to relay transactions and blocks among nodes.
"When you broadcast a BCH transaction, your wallet sends it to a peer, which relays it to others until it reaches miners and gets included in a block."
Benefits include censorship resistance, robustness to single points of failure, and permissionless participation.
"Even if one node goes offline, others continue relaying transactions, keeping the network available."
All terms and definitions may update as the Cryptionary improves.