A peer-to-peer network is a decentralized system where participants, or nodes, interact directly with each other without relying on a central server. In this setup, each node can act as both a client and a server, sharing resources and information directly.In this network, transactions and data are verified and stored on multiple nodes simultaneously. This enhances security and resilience, as there is no single point of failure. If one node goes offline or is compromised, the remaining nodes continue to function normally.Peer-to-peer networks facilitate the transfer of cryptocurrencies by allowing users to transact directly, making the process faster and often more cost-effective. Additionally, this decentralization supports transparency and reduces the risk of censorship, as no single authority can control the flow of transactions or alter the data stored on the network.Overall, this structure plays a crucial role in maintaining the integrity and efficiency of cryptocurrency systems.