PEER TO PEER

A peer-to-peer network is a direct communication system between connected computers or devices without involving a central authority. In the context of Bitcoin, a peer-to-peer network connects nodes running Bitcoin software, allowing users to make direct transactions without intermediaries. Each node has a complete copy of the blockchain, and transactions are verified collectively. Its main advantages are freedom, user control over assets, resistance to attacks, and transparency. Scalability is a challenge, but efforts are ongoing to improve it. The peer-to-peer network is a strong foundation for the Bitcoin ecosystem.

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