Peer to Peer
By bijok_adam | Updated on Aug 12, 2021
Peer-to-peer (P2P) protocols are a type of communication architecture where each and every participations of the member are nodes of the network, without the need for central coordination by servers or stable hosts. One of the cetral tenets of designing a cryptocurrency protocol is that the network has to be peer-to-peer, making the network anti-fragile and without a central point of failure. Other P2P network includes Webtorrents, TOR, Mesh Networks and others.
Related Terms
Node
Within the blockchain network, the nodes are computers that connect to the network and have an updated copy of the blockchain
Proof-of-Developer (PoD)
A concept of identifying the developers of a project as a means of vouching reputation for a project
Solo Staker
A Qtum PoS miner using their own coins for staking. Qtum blockchain launched with Solo Stakers and will continue to have this available after offline staking launches.
Centralized
An organization structure wherein a small handful of actors have control over the entire network.
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