A modular system of protocols, specifications and libraries that enable the development of peer-to-peer network applications. It is one of many software development tools to help you build decentralized applications and services.
Decentralization
LibP2P will work without centralized DNS.
It will work without central servers.
It's unknown or not applicable as to how user accounts are handled. It's unknown or is not applicable if LibP2P supports cryptocurrency monetization.