P2P, or Peer-to-Peer, refers to a decentralized network structure that allows users to interact directly with one another without the need for intermediaries. In the context of digital currencies, this means that transactions can happen directly between individuals.When someone wants to send cryptocurrency to another person, they can do so without going through a bank or a payment processor. This direct interaction typically relies on blockchain technology, which securely tracks all transactions across a distributed ledger.P2P systems enhance privacy and security, as users can control their funds and transaction details more directly. Additionally, this approach often reduces fees, since there are no intermediaries taking a cut of the transaction.Furthermore, P2P networks contribute to the resilience of the currency, as there is no central point of failure. Instead, each participant in the network helps maintain and validate the overall system, making it less susceptible to hacking or fraud.