trustlessarchitecture

When beginners entering the crypto ecosystem hear the word "Trustless", they think that this system cannot be trusted. This is a massive fundamental misunderstanding. In this chapter of Demented Capital's strict Educational Analysis series, we will structurally decode the actual institutional meaning of Trustless Architecture.
What does "Trustless" Actually Mean? (The Paradox of Trust)
Traditional Finance (TradFi) is a "Trust-Based" system. When you send someone $100,000, you have to blindly 'trust' a third-party bank, their employees, and their server to process that transaction. This involves heavy 'Counterparty Risk'.