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31 July 2021

The dilemma of interoperability & trustlessness: Genuine or apparent? | CryptoSlate

The dilemma of interoperability & trustlessness: Genuine or apparent? | CryptoSlate


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The dilemma of interoperability & trustlessness: Genuine or apparent?

In this article, we analyze the situation concerning the interoperability of decentralized systems vis-a-vis their trustlessness.

The need to trust corruptible third-party intermediaries is the major problem with centralized systems, enabling censorship and manipulation.

Therefore, decentralized financial systems must necessarily be trustless to become censorship-resistant and minimize the risks of manipulation.

On this note, however, we must address the common misunderstanding that trustlessness naturally follows from decentralization.

An architecturally decentralized network may involve political centralization, political decentralization may coexist with logical centralization, and so on.

In the simplest of terms, a smart contract has interoperability when it can have frictionless interactions with other smart contracts.

Interoperability is much more than blockchains communicating with each other to share processes or data.

At this point, the dilemma that we began with appears genuine.

Coupled with resilient consensus protocols, such as Polkadot’s, the verifiability of decentralized oracles resists Sybil attacks, and above all, minimizes trust.

Finally, therefore, we can safely assert that the dilemma between interoperability and trustlessness is merely apparent.

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