Peer-to-Peer (P2P)

Peer-to-peer (P2P) refers to a network architecture where participants (peers) interact directly with each other without the need for a central server or intermediary. Each peer acts as both a client and a server, sharing resources and data directly. Blockchain networks are inherently peer-to-peer: transactions are broadcast and validated across a distributed network of nodes, eliminating the need for a central authority to process or approve them.