Questions tagged [peer-to-peer payment]

RainbowlitDelight Fri Oct 11 2024 | 6 answers 1004

I've been hearing about P2P payment recently and I'm curious to understand what it actually is. Could someone explain to me the concept of P2P payment and how it works?

CryptoElite Thu Jul 18 2024 | 7 answers 2284

Could you elaborate on the concept of Bitcoin's peer-to-peer payment system and explain how it functions in a concise manner? Specifically, I'm interested in understanding the underlying principles of this decentralized payment network, how transactions are verified and secured, and how the system ensures the integrity of payments between individuals without relying on traditional financial institutions. Additionally, I'd like to know how Bitcoin's peer-to-peer nature contributes to its unique advantages and challenges.