Trustless

Par CoinGecko | Mis à jour le Mar 03, 2020
A defining aspect of cryptocurrencies is that is it now possible to complete a monetary transaction without need to assume trust in a third party. In traditional finance, a monetary transaction on the internet requires trust in a facilitator such as central banks, commecial banks, agents, or financial service provider without the universal access to audit their ability to faciliate the transaction. Sending money online is more akin to writing a cheque than paying in cash as the issue of decentralization without double spending remains unsolved until the emergence of bitcoin. When a party makes a transaction with cryptocurrencies, they can verify publically and mathematically that a transaction has been completed. This is in contrast to taking the "transaction completed" notification from a facilitator at face value.

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Termes connexes

ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
Bagholder
A person who is holding a large quantity of cryptocurrency which is declining in value or becoming worthless
Distributed Ledger Technology (DLT)
Describes the technology that enables distributed ledger.
Proof of Stake (PoS)
A consensus algorthm that assigns block validation queue based on the coins/token locked in by the validator.
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