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A decentralized model is primarily used for communication and file transfer, the peer-to-peer network is based on this model. The field of real-time communication and media streaming has witnessed enormous growth in recent times owing to their use of peer-to-peer network. A significant part of Internet traffic is being created by the peer-to-peer network resulting in an increase in its demand. The rise in prominence of peer-to-peer network can be attributed to its properties like resource utilization and distributed nature. Resource utilization of peer-to-peer network is one foremost motive for selecting this network over the traditional client-server architecture. The availability of selfish peer or free riders affects the total resource utilization and degrades the performance of the network. So, there is a requirement of an incentive-based mechanism to motivate the selfish peer or free riders in the network to improve …