Blockchain Wiki

Peer-to-peer


The acronym stands for P2P. Peer-to-peer is a concept used for digital currency systems. Quite simply, transactions are done between people like you without any intermediaries who have no oversight or control over your transaction from any institution. Everyone who invests in a digital currency does so without being held accountable to the government or any bank. On the other hand, people who have less reputation and credibility are able to invest like everyone else. Digital currency systems tend to be self-sufficient.

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