Blockchain is known as a example of trustless
and decentralized
systems.
Some say that a decentralized
system is an example of trustless
systems.
What's the relationship between trustlessness
and decentralized
?
The relationship between trustfulness and decentralized is in how to work a system.
You can think about banks. They have a system based on database and it has a single point of failure. Thus, a hacker can access to system and handle thousand of transaction at his will. If a system has this disavantage, is centralized. For this two reasons, a centralized system CANNOT be consider decentralized and, at the same time, trustfullness.
Blockchain technology is consider like trustfulness
and decentralized
for the following reasons:
Hope it helps.
trustfulness
and decentralized
? Do they basically mean the same thing?
Commented
Jun 29, 2022 at 16:43