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the trustless blockchain technologyAlthough decentralization in public permissionless blockchains reduces reliance on intermediaries in the traditional sense, these blockchains. Trustless � Blockchain. A decentralized, digitized ledger that records transaction information about a cryptocurrency in a chronolo � Bitcoin. A cryptocurrency. 'Trustless' refers to a quality of a decentralised blockchain, whereby in using the network there is no need to rely on trust in a third party.