What is a Peer-to-Peer Network?
A peer-to-peer network also referred to as a P2P network, a computer-to-computer connection or a cross-communication, is a type of communication between computers within a network.
A particularly important role is played by peer-to-peer cryptocurrency and blockchain applications, which involve the creation of scalable and large networks. These are specifically needed for the execution of transactions.
What Special Features Does a P2P Network Have?
A classic peer-to-peer network is characterized by an equal ranking of all computers in the network. In addition, all users can use and provide services within the network. Modern P2P networks are characterized by a division of users into groups. In particular, the individual’s qualifications play a crucial role – depending on their qualifications, users are assigned different tasks.
Furthermore, the characterization of a peer-to-peer network is particularly special, because of its diversity of available computing power and bandwidth. Another peculiarity of a P2P network is the connection quality and the availability of individual subscribers, which are also referred to as peers because they cannot be considered as permanently available.
All peers have the opportunity to perform services within the network and can also independently provide exchange resources. Search functions can also be created by so-called overlays. In addition, a peer-to-peer network can be assumed to have a high degree of autonomy, since all users can act independently.
Independent systems that are only connected to the network through a peripheral connection are not affected by changes in the network, so there is no scaling.