Published On: Wed, Oct 25th, 2017

Trustlessness in Action: Particl's Model

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“Trustlessness” is a term often
quoted as a feature of blockchain technology but what does that mean and is absolute
zero trust a myth or really true? Praised as one of the characteristics that
make the blockchain so revolutionary, a trustless system is one where two peers
can enter a virtual hand shake agreement, i.e.  smart contract, without relying on a
trusted third party to facilitate.

 

Blockchains are good at being
permissionless and having decentralized tasks that are recorded on an auditable
ledger, yet not all blockchains are completely trustless, and achieving full
trustlessness is …

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