Peering

Voluntary interconnection of administratively separate Internet networks

In computer networking, peering is a voluntary interconnection of administratively separate Internet networks for the purpose of exchanging traffic between the "down-stream" users of each network. Peering is settlement-free, also known as "bill-and-keep" or "sender keeps all", meaning that neither party pays the other in association with the exchange of traffic; instead, each derives and retains revenue from its own customers.

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