P2p

Peer-to-peer refers to systems that work like an organized collective by allowing each individual to interact directly with the others. In the case of Bitcoin, the network is built in such a way that each user is broadcasting the transactions of other users. And, crucially, no bank is required as a third party.

Reference:

https://bitcoin.org/en/vocabulary

This is a concept that is central to cryptocurrency. A system of sharing information between individuals on a network rather than going through a central authority. In the case of Bitcoin, the network is built in such a way that each user is broadcasting the transactions to other users. No bank is required as a third party.

Reference:

Malone, J.A (2015). Glossary of Bitcoin Terms and Definitions. United States: Lulu Press, Inc

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