Trustless Manifesto: What Is It and Why Should You Care?
What is the Trustless Manifesto?
The Trustless Manifesto is a document co-written by Vitalik Buterin that stresses the need for decentralization, self-custody, and verifiability in Ethereum-based systems. It’s crucial because it serves as a warning against centralization, which can compromise the integrity of blockchain technologies.
What does “trustless” mean in practical terms?
Essentially, it means that a system can allow any honest user to participate without needing to trust an intermediary. This is especially relevant in the crypto space, where trust in centralized entities can lead to vulnerabilities.
What are the risks of centralization?
Centralization can fail to deliver the level of resilience expected from blockchain…
