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See all stacks →Trust Models - Vitalik
This website article discusses different models of trust in blockchain applications. It defines trust as using assumptions about the behavior of others, and breaks down trust into four dimensions: 1. Number of people needed to behave as expected. 2. Total number of people involved. 3. Motivations required for people to behave. 4. Impact of trust assumption violation. The article then categorizes trust models into six buckets based on the first two dimensions, analyzing the trade-offs between different levels of trust. Finally, it examines the trust models of several Layer 2 protocols, highlighting their strengths and weaknesses. The author concludes by emphasizing the importance of understanding the specific type of trust required by a system to make informed decisions about its use.
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Summary
This website article discusses different models of trust in blockchain applications. It defines trust as using assumptions about the behavior of others, and breaks down trust into four dimensions: 1. Number of people needed to behave as expected. 2. Total number of people involved. 3. Motivations required for people to behave. 4. Impact of trust assumption violation. The article then categorizes trust models into six buckets based on the first two dimensions, analyzing the trade-offs between different levels of trust. Finally, it examines the trust models of several Layer 2 protocols, highlighting their strengths and weaknesses. The author concludes by emphasizing the importance of understanding the specific type of trust required by a system to make informed decisions about its use.
Tags
Kernel · Ethereum · Trust
Classification
status final