This document discusses peer-to-peer (P2P) networks and file sharing. It defines P2P networks as connections between computers that share resources without a separate server. P2P networks allow each connected computer to act as both a client and file server. BitTorrent is introduced as a popular P2P protocol for large file sharing. Advantages of P2P networks include lower costs since no central server is needed, while disadvantages include security and copyright issues with some shared files.