Homonym: P2 (Peer-to-Peer)
P2, or "P2P," stands for peer-to-peer, a decentralized model of communication and data sharing. In this system, participants, or "peers," connect directly with each other without relying on a central server. This approach is commonly used in file-sharing networks, where users can exchange files directly, enhancing efficiency and reducing costs.
P2P technology is also utilized in various applications, including cryptocurrencies like Bitcoin and Ethereum. These digital currencies operate on a P2P network, allowing users to send and receive funds directly without intermediaries, such as banks. This innovation has transformed financial transactions and online interactions.