The document provides an overview of peer-to-peer (P2P) architecture, which allows nodes to share resources directly without a central server, facilitating distributed systems and applications like file-sharing and web caching. It contrasts P2P with client-server architecture, highlighting advantages such as ease of installation and cost-effectiveness, as well as disadvantages including security risks and challenges in data backup. Various P2P models, including decentralized, centralized, and hybrid systems, are discussed, alongside a case study on Skype's architecture and terminology associated with P2P systems.