Borderless is a property of a system that is not bound to any regulatory or geological confinement. In a borderless environment activity can happen between participants without restrictions regarding to their locations or adjacent systems.

     A primary example of a borderless environment is Bitcoin. Anybody who uses Bitcoin is able to confidently transact with anybody, anytime, and anywhere. In contrast to Bitcoin, exist bordered system such as Banking. Banks can put sanctions on their userbases and forcefully deny participation / exclude individuals and even entire countries out of their networks. So, if Raj wants to send money back to him starving grandmother in Iran, Chase will not allow that transaction to happen.

      Related Terms:



BTC: bc1qcskmel9llhrdqj3arxyqnennx4ashvfutlreyy
LTC: ltc1qa0fj4lcu5365rep50aza5fqqvx8ef0afemh6s5
ETH: 0x071D72dbc48ad2Fe35daE256eCF0834C5dde688c
DASH: XgXHqVyJiQNdVVszH9cnqCP4uWcP8tVxdK
BNB: bnb1mau4j8kry0jgw45ufy69hvhd0k04llet8fk2p6

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