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Explain Peer-to-Peer Networking Model?

A networking model where each workstation has equivalent capabilities and responsibilities is known as peer-to-peer model. There is no central server in this network and computers join hands to share files, printers and Internet access. It is practical for workgroups of a dozen or less computers making it common environments, where each PC acts as an independent workstation that stores data on its own disk but which can share it with all other PCs on the network. Software for peer-to-peer network is included with most modern desktop operating systems such as Windows and Mac OS.