Trust as a Commodity: Can a #trustless #economy Survive and Thrive?
▻https://hackernoon.com/trust-as-a-commodity-can-a-trustless-economy-survive-and-thrive-d74b80a4
image source: pixabay.comCrypto technologies are often referred to as “trustless.” While often cited as one of their defining features, the label can actually be quite confusing. How can something that’s “trustless” be used for activities that typically require trust?Blockchain is already starting to change the way we transact and do business by opening up the exciting new possibility of a trustless economy where #blockchain apps and services are widely used to facilitate transactions.For crypto to have a real chance of being accepted in the mainstream, it’s important for users to understand the technology’s nuances, starting with the idea of trust.Making Sense of TrustThe way the word “trust” is used in blockchain is similar to the way it’s used in the world of finance. Financially, to trust (...)