Glossary - ChicksX

Trustless means transactions occur without needing to trust intermediaries, relying instead on cryptographic proof and decentralized networks.

Trustless refers to a system where transactions and interactions occur without the need for intermediaries or third-party trust. In crypto, this is achieved through blockchain technology, where cryptographic algorithms and decentralized networks ensure security and transparency. Participants can engage in exchanges or contracts directly with one another, relying on the network's protocol to validate and enforce rules. This minimizes risks associated with fraud or manipulation, as actions are governed by code rather than human intervention. Trustless systems enhance security, reduce costs, and increase efficiency, making them a foundational principle of blockchain-based platforms and cryptocurrencies.