In a peer-to-peer network, there are no central servers and every computer is on the same level. Every computer can be configured to share its resources. This can involve sharing files (e.g. games, movies, and music), software, processing power, or internet bandwidth. Peers can also share hardware such as printers or optical disc drives.
Peers communicate directly with each other. The owner of each device gives permission to access some or all of the device's resources. This needs to be done with care; if you give someone write-access to your disk drive, they would be able to delete all of your files.
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In a peer-to-peer network, computers must be switched on to share resources. In the image below, the computer with an attached printer would need to be left switched on (and shared) for other workstations to use the printer.