Trustless transactions

Trustless transactions are exchanges conducted without relying on a middleman or trusted third party. Instead, they use technologies like blockchain and smart contracts to automatically verify, validate, and enforce the terms of the agreement. This means both parties can transact directly, with security and transparency ensured by cryptography and decentralized networks. Trustless systems minimize the risk of fraud or manipulation, as the process is transparent and rules are enforced by code rather than personal trust in the other party. Simply put, they enable secure, direct exchanges without needing to trust each other or a centralized entity.