What is trustless?

Trustless Definition: Trustless refers to the state of a blockchain, in which there is no requirement of a third party, or intermediary, to operate in between transactions, as smart contracts handle this part of the process.

Trustless allows users the option of conducting trades without the necessity of a bank or third party, and for this reason, blockchains and platforms are considered decentralized, as they have no central authority figure.

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