P2P

Peer-to-peer, or P2P, is a networking model in which participating computers exchange data directly with one another instead of going through a central server.

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P2P is short for peer-to-peer, an architecture in which each computer in a network acts as both a client and a server. Unlike the client-server model, in which clients connect to a central server for data, participants connect directly and share resources with one another.

The approach is used in file-sharing programs, some messaging and video-calling services, and blockchain networks. In finance, the term also refers to lending or payments made directly between individuals.

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Coinbase compares this moment to the LimeWire era of peer-to-peer file sharing.


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