Peer-to-Peer is a network protocol in which two or more computers are connected to each other to share data without the need for central control. peer-to-peeror P2P is defined as. peer; Equivalent means equal.
It functions by being a network protocol. With the power of this system, there is no need for the support of a third center in information exchange. An interaction, a contact, takes place between the sender and the receivers of the information directly. It works like a decentralized system.
In the context of currencies, P2P refers to the exchange of currencies not established by a central banking authority. A particularly common application is through cryptocurrencies such as Bitcoin. Virtual currencies are transferred electronically between parties. Peer-to-peer exchanges allow individuals to move currencies from their account to someone else’s without the need to go to a financial institution. P2P networks rely on digital transmissions, which in turn depend on the availability of the internet connection.
The necessity of a central element has also emerged because it provides trust and controls at some point. With blockchain, no one needs to know and trust anyone else. Everyone involved in the blockchain will have a distributed ledger with the same transaction record. Even if only one person’s ledger, i.e., the data in the blockchain software on his computer is tampered with or is cyber-attacked, this change can be rejected by the majority of members of the network because everyone else has the same records. It is safe for the blockchain that allows peer to peer transfer.
How Peer To Peer Networks Work
In programs where Peer to Peer networks are used, people save the files they want to share on the server. Other users who want to access this file search for the file on the server, but when they want to transfer the file to their own computer, they transfer the file over the owner’s computer, not through the server.
Peer to peer is the transfer of data directly between two users. For this reason, users do not connect to a central server or to a system whose path necessarily crosses with a central authority. They communicate directly with each other through the protocols that run the related distributed system. Users make encrypted Bitcoin transfers, all transactions are recorded in distributed ledgers, and users connected to the Bitcoin blockchain network check the accuracy of the records in these ledgers.
As a result, the server only takes part in adding and finding the file. If there was no server, the computer would have to control all other computers. This could mean that the time was too long to be expressed in numbers. When there is a server that makes it easy to find addresses, the target computer can be found in a short time and the whole transfer can be carried out with the P2P logic we call end-to-end communication.
