Trustless system
From HandWiki
Short description: Cryptographic system not requiring trust
Trustless system is a, usually cryptographic, system where all involved stakeholders are not required to trust none of each other[1] so allowing participants to engage in more precisely audited transactions.[2] One of its most important technologies are immutable ledgers.[3]
Uses
It is especially useful for:[4]
- Information technology audit transparency[2]
- Blockchain proof of stake
- Consensus algorithms
- Decentralized autonomous organization (DAO) zero trust architecture (ZTA)
- Decentralized finance (DeFi) financial technology (fintech)
- Smart contracts proof of work
References
- ↑ "Trustless: a comprehensive guide.". https://bitglossary.com/en/article/trustless.
- ↑ 2.0 2.1 Stein, Nick (2025-02-12). "What Does "Trustless" Mean in Blockchain? Simple Explanation" (in en). https://www.morpher.com/blog/trustless-in-blockchain.
- ↑ "How Do Trustless Systems Work?" (in en). https://amboss.tech/learn/glossary/trustless-systems.
- ↑ "Why Trustless Infrastructure Is the Key to Blockchain's Future | NextBigFuture.com" (in en-US). 2025-01-17. https://www.nextbigfuture.com/2025/01/why-trustless-infrastructure-is-the-key-to-blockchains-future.html.
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