The current price of P2P (P2P) is $ 0.00014626.
P2P, or Peer-to-Peer, is a type of decentralized cryptocurrency. Named after the peer-to-peer technology that it utilizes, it enables direct transactions between parties without the need for an intermediary. This means that transactions are directly executed between parties through smart contracts which are recorded on a public ledger known as the blockchain. The P2P network plays a crucial role in the maintenance and security of the blockchain ledger.
P2P was created by a group of developers whose identities remain unknown. The motivation behind P2P's creation was to create a decentralized, transparent, and secure digital currency system that removed the need for traditional financial intermediaries.
Unlike traditional cryptocurrencies which rely on a central authority or intermediary for transaction validation, P2P operates on a peer-to-peer basis. This means that every part of the transaction process, including validation and recording, is executed directly between the two transacting parties.
Similar to other cryptocurrencies, P2P employs a process known as "mining". In P2P mining, miners solve complex mathematical problems to add new transactions to the blockchain. For their efforts, miners are rewarded with new P2P tokens, thus creating a continuous incentive for maintaining the network's security and efficiency.
The P2P network employs various security measures including encryption, decentralization, and consensus algorithms. These measures ensure the privacy and security of P2P transactions and protect the network from fraud and hacks.
Currently, there's a circulating supply of P2P tokens.
In the last 24 hours, the price of P2P has increased by +0.00%.
P2P can be safely purchased on the CREX24 which are reliable and secure platforms that offer a variety of services including buying, selling, and trading of P2P tokens.
You can securely store your P2P tokens in a digital wallet which allows you to manage your own private keys. This ensures that only you have access to your funds and transactions cannot be made without your authorization.
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