Peer-to-Peer (P2P)

The term Peer-to-Peer (P2P) originally stands for communication among equals in the context of computer networks (computer-to-computer communication).

In the cryptocurrency context, peer-to-peer can be understood as the basic principle of transactions. Based on Blockchain technology, transactions can be carried out between two equal partners without the need for a central intermediary such as a bank.

See also: Coin, Cryptocurrency, Altcoin.