Trustless is misused, even in blockchains. What a [distributed] blockchain does is:
“...minimize the amount of trust required from any single actor in the system.“
This use of “trustless” doesn’t apply to custom ledgers that assign verifying nodes, that is: are not distributed to anyone who wants to participate, such as Chy-Na would like to when it comes to our voting.
I get (now) why ‘trustless’ is used: there is no need to verify the identities (nor the entities behind them) of the parties in the transaction nor worry about them following through on a transaction.
That is: when a browser encrypts a site it verifies that a centralized authority issued a site’s certificate.
No. That’s not the purpose of any part of distributed ledgers and blockchains.
No elaboration? I can do this too.
I'm right. You're wrong. QED
Trustless is misused, even in blockchains. What a [distributed] blockchain does is:
This use of “trustless” doesn’t apply to custom ledgers that assign verifying nodes, that is: are not distributed to anyone who wants to participate, such as Chy-Na would like to when it comes to our voting.
The term is also employed in describing extremely low-trust systems.
https://vitalik.ca/general/2020/08/20/trust.html
Thanks for that link.
I get (now) why ‘trustless’ is used: there is no need to verify the identities (nor the entities behind them) of the parties in the transaction nor worry about them following through on a transaction.
That is: when a browser encrypts a site it verifies that a centralized authority issued a site’s certificate.