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Topic
Board Beginners & Help
Re: What should you know about P2P
by
Crypt0Gore
on 12/11/2022, 10:11:25 UTC
Do not get confused, there are two types of p2p: centralized and decentralized.
Technically speaking a peer to peer network is a network without a need for "central coordination by servers or stable hosts", in simple terms there is no server/website that peer to connect to. They directly connect to each other. So a centralized P2P can not even exist.

https://en.wikipedia.org/wiki/Peer-to-peer
So true

But centralised platform have a part to take in every P2P transactions as the middle man that fight for your money if any goes wrong.

On Binance p2p service someone I was paired with claimed they'd made the payment but I got nothing for 24hrs and I was forced to use the appeal button, later I got my money but that's because of the exchange intervention.