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.
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.