Historically, society has been completely dependent on intermediaries and banks to transfer value from one agent to another. It is evident however that these financial services do not come without high fees and risks.
—Albert Einstein
Cryptocurrency and blockchain offer a disruptive alternative to the failing financial system we know of today. Public ledgers will make trust an irrelevant component when transacting and eliminate the need for intermediaries. In other words, public ledgers will make decentralization the basis of society.
A decentralised society has also been dubbed a trustless society. To see how cryptocurrency and blockchain works as a great alternative to a debt-based and trust-dependent system, read more below.
