Network peering refers to the direct connection and exchange of data between two separate cryptocurrency networks. This process allows for the seamless transfer of information and transactions between the two networks, improving efficiency and reliability.
Peering agreements are typically established between two networks to facilitate the exchange of information and resources. By peering with other networks, cryptocurrencies can enhance their connectivity and accessibility to users across different platforms.
Overall, network peering plays a crucial role in enhancing the interoperability and efficiency of cryptocurrency networks, ultimately benefiting users by improving the speed and reliability of transactions. Additionally, peering agreements can help to strengthen the overall security and resilience of cryptocurrency networks by allowing for the sharing of resources and information between networks.