Definition ∞ Decentralized reputation systems record and manage trustworthiness and performance data for entities within a distributed network without relying on a central authority. These systems aggregate feedback and interactions on a blockchain. They provide transparent, immutable records of an entity’s past behavior.
Context ∞ Decentralized reputation systems are increasingly relevant in the digital asset space, particularly for peer-to-peer lending, decentralized marketplaces, and autonomous agent interactions. News reports often cover new protocols that aim to build trust in permissionless environments by leveraging these systems. The development of robust, Sybil-resistant reputation mechanisms is a key area of innovation for fostering secure and reliable decentralized interactions.
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