Peer-to-peer (P2P) file sharing technology enables users to directly share files over the internet without needing a central server. In a P2P network, each participant acts as both a client and a server, sharing resources and data directly with others. This decentralized approach can improve speed and reliability, as files are downloaded from multiple sources simultaneously. Common applications of P2P technology include sharing multimedia files and distributions of software, which facilitate collaborative file sharing while reducing strain on central servers.