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Peer-to-Peer

A peer-to-peer (P2P) network structure related to blockchain technology is generally considered a decentralized network and is designed to work in the best interests of all parties involved. A peer-to-peer blockchain network works by connecting several computers (or nodes) together so that they can work together. This process creates a censorship-resistant and public computer network that allows important data and other functionality to be shared over the network.

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Related Cryptopedia

Consensus mechanism

When a transaction takes place in a blockchain network, the status of the transaction must be...

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Smart contract

A smart contract is a kind of digital contract in a blockchain that executes itself...

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Cold Wallet

A cold wallet is a cryptocurrency wallet that is not connected to the internet...

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Staking

Staking is the process by which a user of a blockchain network "stakes" or locks their cryptocurrency assets to a network ...

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ERC-20

The ERC-20 standard describes the technical specifications requirements that...

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Flippening

Flippening is a term speculators use for the exchange of...

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