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Tag Archives: Trustless

Upgradeable Smart Contracts Erode the Trustless Aspect of the Technology

Smart contract technology is of great interest to developers and corporations. Automating specific processes using blockchain technology can create new use cases. At the same time, there are still some issues associated with smart contracts, ranging from performance to theft prevention. Solving the latter problem may not be as easy as one might think. Smart Contracts’ Flaws For a technology ...

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Why a Decentralized Currency Without Governance Isn’t Trustless

A major selling point of cryptocurrencies is their purported trustless nature: you don’t have to trust any one person or entity in order to use them. Generally speaking, most cryptocurrencies employ a trustless and permissionless model. However, most also lack an effective governance mechanism. While some old-school crypto fans may think that governance is optional, in reality it’s the only ...

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Wells Fargo’s Malfeasance Makes Case for Decentralized and Trustless Bank Alternative

Wells Fargo is being sued by a former employee who alleges that Wells Fargo deliberately choose to shut down the accounts of those whom complained of fraud rather than properly investigate claims “under the pretext of a ‘business decision’”. Matthew Valles is the former employee bringing suit and also claims that he was wrongfully “fired in retaliation for his complaints ...

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Ethearnal Launches ICO 2.0 #DAICO for a Trustless, Smart Contract Based P2P Freelance System

January 15, 2018, Kowloon, Hong Kong – Ethearnal has decided to put up its Initial Coin Offering (ICO) to provide investors an opportunity to monetize and benefit from a full-fledged P2P freelance system. The company is planning to launch the ICO 2.0 offering in January 2018. Ethearnal is a peer-to-peer freelance platform developed with the aim to serve as a ...

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