Good day, dear friends!
Surely, being involved in the IT sector, and possibly also in the financial sector, you have heard about and used peer-to-peer payment networks in your activities.
But have you ever wondered what this phenomenon means and how it differs from a regular banking application?
There is no single point of view on this issue yet, but the main characteristics of peer-to-peer networks are as follows:
– sharing of computer resources through the direct exchange without the help of intermediaries (in a conventional payment system, the intermediary is a bank);
– Flexibility and the ability to treat connection instability as the norm, automatically adapting to connection breaks and computer failures, as well as to a variable number of nodes.
I hope we managed to at least slightly lift the veil of secrecy over peer-to-peer payment networks. And in the next article, we will look at the features of p2p payment app development.
