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What are Peer-to-Peer Networks, and their benefits to Blockchain Technology?



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You have heard the statement "Peer-to-peer Networks" used several times with Blockchain. Are you aware that without these networks, Blockchain would not have decentralization? Find out from this video how these networks influence Blockchain technology!

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Contents of this video
0:00 - Introduction
0:18 - What are Peer to Peer Networks
0:39 - How do P2P Networks operate?
1:07 - What are Consensus Mechanisms?
1:21 - Use of Consensus Mechanisms.
1:52 - Examples of Consensus Mechanisms
2:09 - P2P Networks Contribution to Blockchain
2:20 - Conclusion



#smallbitesofcrypto #blockchainforbeginners #peertopeer
Category
Cryptocurrencies
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