Are Blockchains Trustless?

Nat Sakimura ()
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Nat Sakimura: NAT Consulting

A chapter in Blockchain Gaps, 2021, pp 31-37 from Springer

Abstract: Abstract It is often touted that the innovation that the blockchain brought is its trustlessness, in that it does not require a trusted third party to achieve “true records of transactions.” However, digging a little deeper, it becomes apparent that what is meant by “trustless” in such a claim is rather vague. What does “trust” really mean in the context of an information system? Here lies an essential key for the application of blockchain to the real world. In this chapter, we look closer into the meaning of the claim, “Blockchains are trustless.”

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:fuobcp:978-981-33-6052-5_5

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DOI: 10.1007/978-981-33-6052-5_5

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