A trustless system means that the participants involved do not need to know or trust each other or a third party for the system to function.

What is Trustless Crypto?

Trustless in Crypto. ... “Trustless” means that you don't have to trust a third party: a bank, a person, or any intermediary that could operate between you and your cryptocurrency transactions or holdings.

What is Trustless technology?

A trust that is based on Distributed Ledger Technology, that is, on a register distributed among the various network nodes and structured as an immutable Block chain. The distributed network of nodes also checks transactions through a process known as Mining, which makes the Blockchain technology a Trustless system.