Algorithm

Cryptos:

2,117

Exchanges:

10

Marketcap:

$2,120,510,893,508

Volume 24h:

$49,881,013,638

Peer-to-Peer

What does Peer-to-Peer mean in crypto terms?

Peer-to-Peer (P2P) refers to a decentralized form of interaction that occurs directly between parties without the need for an intermediary or central authority. In the context of blockchain and cryptocurrencies, P2P networks facilitate transactions and communication directly between users, enabling more privacy, autonomy, and reduced costs compared to traditional centralized systems. P2P platforms are commonly used for trading cryptocurrencies, file-sharing, and decentralized finance (DeFi) applications.

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Explore Other Crypto Terms

Multisignature Wallet

A Multisignature Wallet, or multisig wallet for short, is a digital wallet designed to enhance security through the requirement of multiple signatures to authorize a transaction.

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Lightning Network

The Lightning Network is a second-layer scaling solution designed to enable fast, low-cost transactions on blockchain networks like Bitcoin.

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Hash Rate

Hash Rate is a critical parameter in the world of cryptocurrencies, representing the number of hash operations a miner or the entire network can perform per second.

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51% Attack

A 51% Attack refers to a security risk in a decentralized blockchain network, where an individual miner or mining pool gains control of more than 50% of the network's hash rate, allowing them to unilaterally manipulate the blockchain.

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Replay Attack

A Replay Attack is a malicious network attack where a valid data transmission is fraudulently repeated or delayed.

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Side Chain

A Side Chain is a separate blockchain that operates alongside a parent blockchain, enabling enhanced functionality or value.

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Time Lock

Time Lock is a cryptographic feature that restricts the spending or use of certain bitcoins or other cryptocurrency assets until a specified future date or until certain conditions are met.

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Zero-Knowledge Proof

Zero-Knowledge Proof (ZKP) is a cryptographic method allowing one party (the prover) to prove to another party (the verifier) that they know a specific value or possess certain information.

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