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What is Trustless?

Crypto Glossary Definition

A system that minimizes the amount of trust required from any single person or entity in a system by distributing it among many agents within it.

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Related Crypto Terms

Transaction FeeAn expense that must be paid to miners in order for a crypto…Transactions Per SecondThe number of transactions that a given blockchain can handl…Trend LineA line that can be drawn (either horizontal or diagonal) in …Txid (Transaction Identifier)A (mostly) unique identifier for a given transaction.…Unconfirmed TransactionA transaction that has not yet been included on a block, so …Unspent Transaction Output (UTXO)UTXOs are a fundamental concept behind the way cryptocurrenc…
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