Peer-to-peer is a way of communicating directly between two parties without the need for third parties. Peer-to-peer (P2P) is a cryptocurrency that works in the blockchain is used to transfer the fund without a third party, here your fund is maintained very securely by using private keys. Users can exchange their cryptocurrencies, at a valuable price.
Example of P2P:
CONVERSATION BETWEEN BEN AND KIYO
Here the BEN wants to send a message to KIYO over the internet the message leaves his device and this is pushed to a server then the device using peer-to-peer communication the message goes straight from BEN’s device.
A KIYO device is just like a conversation in real life once the connection is established between two devices.
Each device works as its server and receiver message to travel, The P2P technology was a Napster this Napster make a file on your computer and it available for other users to directly download it allowed each person to be a digital library that sharing their bitcoin was created and save a new life to the peer-to-peer system.
BITCOIN:
Bitcoin is a decentralized digital currency without the bank it can be sent from user-to-user to the P2P network and it just like cash when data sent to a central server and it can be monitored and stored later they are sold to their third party or stolen by a stranger.
THE BIG BENEFIT OF P2P NETWORK:
HOW DO YOU GET TO CONTROL YOUR DATA?
As a user of the internet, you have a right to your data but when you use a service that requires a central server you can download or view your data where the data goes and how it is stored in their control.
P2P takes full control of who can see your data where your information goes and how it is stored.
Here the data power is in your hand it also ensures the security, decentralized, and encryption of a user has more security and it is independent.
