Abstract: A system and a method for file exchanges between peer computational devices connected through a network, for peer-to-peer file exchanges. The present invention enables the peer devices to retrieve information about the location of files of interest from a central location authority, which features a centralized database. Therefore, the system and method of the present invention features a mixture of client/server and peer-to-peer communication functionality, in which the bandwidth-intensive, computationally heavy process of retrieving files is performed locally, through a peer-to-peer process; while the computationally lighter and less bandwidth-intensive process of determining the location of any particular file is performed locally.