P2P transactions refer to direct exchanges of digital assets between two individuals without the need for an intermediary like a bank or centralized exchange. These transactions are typically recorded on a blockchain, ensuring transparency and immutability. They embody the decentralized ethos of many cryptocurrency networks. Such direct transfers can offer enhanced privacy and lower fees compared to centralized services.
Context
News often discusses the growing popularity of P2P transactions in regions with strict capital controls or limited access to traditional financial services. While offering benefits like censorship resistance, P2P transactions also present challenges for regulatory oversight. Their role in facilitating financial inclusion and cross-border remittances is a recurring theme. The security and efficiency of these direct exchanges are continuously improving.
The Kohaku SDK introduces peer-to-peer transaction broadcasting and ZK-powered social recovery, fundamentally decentralizing the wallet-to-protocol connection.
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