Is bitcoin peer-to-peer?

In Bitcoin’s case, blockchain is used in a decentralized way so that no single person or group has control—rather, all users collectively retain control . Decentralized blockchains are immutable, which means that the data entered is irreversible.

A peer-to-peer (P2P) service is a decentralized platform whereby two individuals interact directly with each other, without intermediation by a third party. Instead, the buyer and the seller transact directly with each other via the P2P service.

The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally signed messages to the network using bitcoin cryptocurrency wallet software .

All payments facilitated by Coinbase Commerce are fully decentralized and peer-to-peer . This means that the cryptocurrency goes directly from your crypto wallet to a wallet that is only accessible by the merchant.