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Monday, February 28, 2022

What is a peer to peer network?

What is a peer to peer network?

Let me explain,

A peer to peer network is a group of 2 or more devices - for example, no like devices, computers e.t.c that are set up in a way that assets like Digital currency are directly exchanged.

This simply means that users can send and receive Cryptocurrency all around the world without relying on a central server or intermediaries such as banks and financial institution.

Before a peer to peer transaction occurs, you must have data relating to the person or entity you are interacting with.

The data you have on that person can range from a Bitcoin wallet address to their IP address, or even location

Add to your notice that CryptoHood also provides P2P services to its members on the Our various social media groups

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