A realization method for a set-top box in a screen display system based on the peer-to-peer computing technology introduces a graphic layering technology, a bitmap storage technology, an encoding conversion technology, a SOAP technology which are used for meeting the requirements of GUI design, Chinese displaying, XML coding conversion, interaction with an EPG server, etc. that need to be processed in the development of an OSD system. Based on P2P protocol, a solution to the OSD system of an IPTV set-top box is provided on a DM6446 platform to solve the problems of GUI design, Chinese displaying, XML coding conversion, interaction with the EPG server, system integration, etc. Compared with the popular OSD systems for the set-top box in current market, the scheme has the advantages of novelty, flexibility, high expansibility, and high operability.