Understanding P2P: What does it stand for?

[Bartholomew]

I'm exploring different tech concepts and stumbled upon "P2P." Can anyone clarify what P2P is and how it's used in technology?

[Frand]

P2P stands for Peer-to-Peer, a decentralized network model where each party has equal capabilities and either party can initiate a communication session. This model is widely used in file-sharing networks and cryptocurrencies to ensure that transactions or data are distributed without a central authority. For a deeper understanding of P2P and its applications in today’s digital environment, check this link: https://paybis.com/blog/glossary/what-is-p2p/ It offers a comprehensive look at how P2P technology works and its significance.