How to develop a P2P Payment App?
What Is a P2P Application? A P2P Application uses a peer-to-peer (P2P) network, unlike the traditional client-server network. The data here is stored on every device connected to the network (called nodes or peers) and not centrally on a single server, giving the end user more power over their data. There is considerably less cost in building the infrastructure, as you'll save on the cost of maintaining servers, hiring highly skilled technicians, and much more. And most importantly, the chances of failure in the P2P network are less likely or negligent. Even if a node (peer) in the network gets affected somehow, it does not mean that the whole system would be corrupted; it just means that one single node will not be available until fixed. Which makes a P2P Payments Application such a lucrative business to venture into, with low setup costs and high-profit margins. But that's not something you'd tell your user base to get them to use your payments App, right? It's not ...