{"id":6659,"date":"2019-08-05T07:14:21","date_gmt":"2019-08-05T07:14:21","guid":{"rendered":"https:\/\/qa-front.dev.techhub.cloud\/blog\/?page_id=992"},"modified":"2024-04-18T09:50:44","modified_gmt":"2024-04-18T09:50:44","slug":"what-is-p2p","status":"publish","type":"glossary","link":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/","title":{"rendered":"P2P"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Exchanging items from one person to another has been around since barter trade times. Now, Bitcoin proudly wears the same label. But what is P2P exactly?<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What is P2P (Peer to peer)?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">P2P stands for Peer to Peer exchange. What this means is that one party exchanges goods or currency directly with another party, without the need for any third party (such as banks or financial institutions) to interfere.<\/span><\/p>\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-6659-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/45-What-is-P2P-and-how-does-the-term-relate-to-Bitcoin.mp3?_=1\" \/><a href=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/45-What-is-P2P-and-how-does-the-term-relate-to-Bitcoin.mp3\">https:\/\/paybis.com\/blog\/wp-content\/uploads\/2019\/10\/45-What-is-P2P-and-how-does-the-term-relate-to-Bitcoin.mp3<\/a><\/audio>\n<h2><span style=\"font-weight: 400;\">How does it make Bitcoin stronger?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Within a P2P network, every participant is partially an owner and contributor. Such networks share all sorts of information, such as files and music, with <\/span><a href=\"https:\/\/us.napster.com\/\"><span style=\"font-weight: 400;\">Napster<\/span><\/a><span style=\"font-weight: 400;\"> being one of the earliest adopters of such an exchanging method. So how does this relate to Bitcoin?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The development of new currency and the method of transaction recording happens through a network of computers. Individual participants use these computers, which are also known as nodes, instead of government authorities. As such, the network&#8217;s maintenance happens by the participants themselves. On top of that, as all transactions are recorded on every node, it is virtually impossible to falsify or overwrite <\/span><a href=\"https:\/\/www.investopedia.com\/terms\/d\/distributed-ledgers.asp\"><span style=\"font-weight: 400;\">ledgers<\/span><\/a><span style=\"font-weight: 400;\"> in a cryptocurrency exchange.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, and while P2P cryptocurrency exchanges, such as LocalBitcoins, allow participants to exchange funds without any third party involvement, the lack of oversight may allow for unlawful actions, such as money laundering.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>P2P stands for Peer to Peer exchange. What this means is that one party exchanges goods or currency directly with another party, without the need for any third party (such as banks or financial institutions) to interfere<\/p>\n","protected":false},"featured_media":0,"template":"","glossary_letter":[278],"glossary_term":[276,284],"class_list":["post-6659","glossary","type-glossary","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What is P2P and how does the term relate to Bitcoin? - Paybis Blog<\/title>\n<meta name=\"description\" content=\"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is P2P and how does the term relate to Bitcoin? - Paybis Blog\" \/>\n<meta property=\"og:description\" content=\"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/\" \/>\n<meta property=\"og:site_name\" content=\"Paybis Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Paybis\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-18T09:50:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/07\/og-individuals.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@paybis_com\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/\",\"url\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/\",\"name\":\"What is P2P and how does the term relate to Bitcoin? - Paybis Blog\",\"isPartOf\":{\"@id\":\"https:\/\/paybis.com\/blog\/#website\"},\"datePublished\":\"2019-08-05T07:14:21+00:00\",\"dateModified\":\"2024-04-18T09:50:44+00:00\",\"description\":\"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.\",\"breadcrumb\":{\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/paybis.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/paybis.com\/blog\/#website\",\"url\":\"https:\/\/paybis.com\/blog\/\",\"name\":\"Paybis Blog\",\"description\":\"A Tribute to Blockchain Tech and Cryptocurrency Adoption\",\"publisher\":{\"@id\":\"https:\/\/paybis.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/paybis.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/paybis.com\/blog\/#organization\",\"name\":\"Paybis Blog\",\"url\":\"https:\/\/paybis.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png\",\"contentUrl\":\"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png\",\"width\":268,\"height\":72,\"caption\":\"Paybis Blog\"},\"image\":{\"@id\":\"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Paybis\/\",\"https:\/\/x.com\/paybis_com\",\"https:\/\/www.instagram.com\/paybis\/\",\"https:\/\/www.linkedin.com\/company\/paybis-com\",\"https:\/\/www.youtube.com\/c\/Paybis\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is P2P and how does the term relate to Bitcoin? - Paybis Blog","description":"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/","og_locale":"en_US","og_type":"article","og_title":"What is P2P and how does the term relate to Bitcoin? - Paybis Blog","og_description":"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.","og_url":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/","og_site_name":"Paybis Blog","article_publisher":"https:\/\/www.facebook.com\/Paybis\/","article_modified_time":"2024-04-18T09:50:44+00:00","og_image":[{"width":1200,"height":630,"url":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/07\/og-individuals.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@paybis_com","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/","url":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/","name":"What is P2P and how does the term relate to Bitcoin? - Paybis Blog","isPartOf":{"@id":"https:\/\/paybis.com\/blog\/#website"},"datePublished":"2019-08-05T07:14:21+00:00","dateModified":"2024-04-18T09:50:44+00:00","description":"What does the term P2P (also known as peer-to-peer) stand for? In this article we explain everything you need to know about the term.","breadcrumb":{"@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/paybis.com\/blog\/glossary\/what-is-p2p\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/paybis.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Glossary"}]},{"@type":"WebSite","@id":"https:\/\/paybis.com\/blog\/#website","url":"https:\/\/paybis.com\/blog\/","name":"Paybis Blog","description":"A Tribute to Blockchain Tech and Cryptocurrency Adoption","publisher":{"@id":"https:\/\/paybis.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/paybis.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/paybis.com\/blog\/#organization","name":"Paybis Blog","url":"https:\/\/paybis.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png","contentUrl":"https:\/\/paybis.com\/blog\/wp-content\/uploads\/2023\/01\/e60675e736aa42dcba29dde94f4efdf82a001656.png","width":268,"height":72,"caption":"Paybis Blog"},"image":{"@id":"https:\/\/paybis.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Paybis\/","https:\/\/x.com\/paybis_com","https:\/\/www.instagram.com\/paybis\/","https:\/\/www.linkedin.com\/company\/paybis-com","https:\/\/www.youtube.com\/c\/Paybis"]}]}},"_links":{"self":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary\/6659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/types\/glossary"}],"wp:attachment":[{"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/media?parent=6659"}],"wp:term":[{"taxonomy":"glossary_letter","embeddable":true,"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary_letter?post=6659"},{"taxonomy":"glossary_term","embeddable":true,"href":"https:\/\/paybis.com\/blog\/wp-json\/wp\/v2\/glossary_term?post=6659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}