Definition, Meaning & Synonyms
trustless
adjective
/ˈtrʌstləs/
Definition
Not requiring trust in a third party to function effectively.
Examples
- The trustless nature of blockchain technology enables secure transactions without intermediaries.
- In a trustless environment, parties can interact with confidence, relying on the system instead of personal trust.
- Smart contracts operate in a trustless manner, executing agreements automatically when conditions are met.
Meaning
In contexts such as technology and economics, ‘trustless’ refers to systems or transactions where trust is not necessary between participants, often facilitated by technology such as blockchain.
Synonyms
- Trust-free
- Independent
- Decentralized