What is Peer to Peer Network, and How does it work? [April 2024 UPDATED]
Summary The future of P2P networks looks promising due to advancements in technology, emerging trends and use cases, and increasing demand for secure and decentralized networks. Peer-to-peer (P2P) networks are a type of decentralized network architecture that allows nodes to share and access resources directly without a central authority. There are three main types of P2P networks: centralized, decentralized, and hybrid. P2P networks offer several advantages, including their distributed architecture, lack of a centralized authority, cost-effectiveness, scalability, and robustness and resilience. Real-life examples of P2P networks include cryptocurrency networks, file-sharing networks, and computing resource-sharing networks. P2P networks also face several challenges, including difficulties in implementation, network management, security risks, and limited control. Significantly, the integration of Artificial Intelligence (AI) is transforming