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Academy Blockchain Glossary Article

Trustless

2019.11.21 limin.zhang

Blockchain is described as a trustless system without backing by an authority. it deserves to stress that blockchain does not radically ELIMINATE trust, but it does MINIMIZE by distributing the trust to all participant in the system

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Disclaimer: This material should not be taken as the basis for making investment decisions, nor be construed as a recommendation to engage in investment transactions. Trading digital assets involve significant risk and can result in the loss of your invested capital. You should ensure that you fully understand the risk involved and take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.

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