Do i need a server software(like windows server) installed to allow me to use my pc as a host for Multi-User Editing

Do i need a server software(like windows server) installed to allow me to use my pc as a host for Multi-User Editing

No.
You can use your instance of the game as the host. The “Content Examples” download has a sample in it for that … or used to.

If you don’t have the Content Examples, I strongly urge you to get it.
It should be on the front page in the Learning tab on the launcher, and has samples of just about every basic concept you could want in a little display in one of the various levels.

Thank you so much for your reply.But just to make sure, is this still works even if i want the third parties to make changes to the game that both of us can see simultaneously or is just for playing and testing purposes?