How does peer-to-peer work?

Bitcoin clients use several methods to locate other clients. The primary method is a list of nodes from a previous connection to the network . The works very well for everything but your first connection or a connection after a very long period of disconnection.

Bitcoin / BTC (shorthand) – A form of digital currency created in 2009, that is created and distributed on a peer-to-peer basis. It has no central bank – transactions are conducted directly between individuals . Bitcoin is the most popular kind of cryptocurrency.

In a peer-to-peer network, computers on the network are equal, with each workstation providing access to resources and data . This is a simple type of network where computers are able to communicate with one another and share what is on or attached to their computer with other users.