1) The document proposes using a peer-to-peer network model called Content Addressable Network (CAN) to solve the graph coloring problem in a distributed manner to reduce computational time. 2) It describes how CAN works as a virtual coordinate space and how nodes are inserted. 3) It then explains the graph coloring problem and presents a recursive algorithm that divides the problem among peer nodes, combines partial solutions, and resolves conflicts to find the final solution.