The heterogeneity in peer to peer (P2P) networks can be its advantage as well as disadvantage. The heterogeneity may be about amount of storage, computing power, connectivity etc. But P2P systems make it possible to harness resources such as the storage, bandwidth and computing power of large populations of networked computers in a cost effective manner. There are many approaches to balance these systems in a costeffective way. Here we are giving focus on two main approaches; the Distributed Hash Table (DHT) based systems and Ant based systems. Both approaches are having its own advantages and shortcomings. Keywords—load balancing, p2p networks, DHT, Ant based System
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