Peer-to-peer (P2P)
network · decentralization
A network model where participants interact directly without central intermediaries.
1.basic
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.
2.benefits
Benefits include censorship resistance, robustness to single points of failure, and permissionless participation.
Related terms
Node
→Software that participates in a peer-to-peer network by validating, serving, relaying, or requesting blockchain data.
network · blockchain
Wallet
→An app or device that helps you receive cryptocurrency, check your balance, and authorize payments.
wallet · security
Transaction
→A record submitted to a blockchain to make a payment or another permitted change.
blockchain · technical
Decentralization
→Decentralization distributes control across many participants, reducing single points of failure, censorship, or unilateral rule changes.
concept · blockchain
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