Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem.
Blockchain systems assume all parties are trusted by all other parties in the exchange or ecosystem.
Blockchain systems do not assume all parties are trusted by all other parties in the exchange or ecosystem. Instead, they are designed to be trustless systems where trust is established through cryptographic protocols and decentralized consensus mechanisms. Each participant verifies and validates transactions independently, removing the need for a central trusted authority.
Blockchain system is "trust-less" to any third party instant.