How P2P Networks Are Revolutionizing Finance and Beyond
Peer-to-peer (P2P) networks, connect users directly without the use of middlemen like banks and companies, or several industries. File-sharing platforms were the first to promote P2P technology, which has now spread to other industries and had a big impact on communications, energy, and finance. P2P Networks in Finance P2P technology has the potential to revolutionize the financial industry, particularly in light of the emergence of decentralized finance (DeFi). Conventional financial systems depend on middlemen to conduct business, make loans, and make investments; this frequently leads to delays, extra expenses, and restricted access for underbanked groups. People can lend, borrow, and trade directly with one another over P2P networks. Peer-to-peer (P2P) technology is used by cryptocurrency exchanges such as Bitcoin and Ethereum to facilitate smooth digital asset transactions devoid of central authorities. People in areas with no banking infrastructure can now receive financial ser