Login All news Marketcap Crypto Glossary Exchange Crypto meme
2025 ADV Europe, s.r.o. All Rights Reserved.
Back to all glossary

Trustless System

Contrary to a Trust System, the Trustless setups do not have a central party/authority that the users need to rely on. Trustless applications are also called decentralized as there is no central authority or single point of control.

An example of a trustless setup could be a decentralized exchange ... such exchanges make it possible for users to trade their coins/tokens in a peer-2-peer way, without relying on the exchange to hold their coins and transfer them from one user to the next.


Top Gainer24h
Nexus
$1720330
731634000000.00
Top Looser24h
Soarcoin
$0.344
-24.43
Crypto Glossary
ERC
Ethereum Request for Comment... This acronym is commonly used instead of ER…
ERC-20
This is a "token standard" for Ethereum ... you could also say it's a proto…
API
Application Programming Interface (API) makes it possible for software appl…
Great. First of all, please join us!
To customize your feed you must log in first. Allthecryptonews is a community to share and geek out about the latest news in cryptocurencie, ICO’s and so on. Join us.
We'll never post to any of your accounts without your permission.