No Summary provided as the original text is short
- Decentralization: A system design principle where control and decision-making are distributed rather than managed by a central entity, enhancing resilience and trustlessness.
- Permissionless: A blockchain or network characteristic allowing anyone to participate without needing approval from a centralized authority.
- Trusted Third Party: An external entity relied upon to facilitate transactions or services, often reducing the trustless nature of decentralized systems.