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P2P


File sharing is a modern way of exchanging and sharing documents, media, music, data etc. over the internet or networks. Peer to Peer file sharing, quite like file sharing is the ability to share and access data through peer to peer computer networks created online to ease these activities. It allows users from all over the world to share and access media files using one of the many designated peer to peer software. This type of sharing has been highly referred to as piracy from companies because the downloaded videos, files, and other data is free, and they are not making any profit from it. File sharing is a pro for the users and a con for companies whose files are downloaded over and over for free. Two examples of peer to peer file sharing are BearShare and the Lending Club. BearShare which I have used a few years back allowed me to download music for free. The Lending Club is a very famous peer to peer site that acts as a link between the borrowers and the lenders. In 2012 the Lending Club facilitated approximately eight billion dollars in loans. The company credits their business success around the idea that as technology gets cheaper we find diverse ways to use it in our lives (Kaufman). If something can be done virtually and hassle-free people will use it. 


Kaufman, Wendy. “Peers Find Less Pressure Borrowing From Each
         Other”. National Public Radio. 10 May 2013. Web. 12 April 2018. 
https://www.npr.org/sections/alltechconsidered/2013/05/10/182651552/peers-find-less-pressure-borrowing-from-each-other

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