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Simply explained: What is peer-to-peer? - bitpanda.com

Peer-to-peer (P2P) refers to decentralised networks in which each participant can both provide and receive resources. In a peer-to-peer system, all computers are directly connected to one another without a central server.

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P2P, type of computer network often used for the distribution of digital media files. In a peer-to-peer (P2P) network, each computer acts as both a server and a client—supplying and receiving files—with bandwidth and processing distributed among all members of the network.

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Peer-to-peer file sharing is the distribution and sharing of digital media using peer-to-peer (P2P) networking technology. P2P file sharing allows users to access media files such as books, music, movies, and games using a P2P software program that searches for other connected computers on a P2P network to locate the desired content. [1]