Precisely what is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

The so-called "impossible triangle" means that within the blockchain public chain, it is difficult to quickly attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. inch The "transaction producing performance" is often referred to as TPS (Transactions Digesting Per Second).

imposible triangle Actually the "impossible triangle" is not a arduous conclusion. It is just a brief summary of the actual operating status of each public chain in the industry. Frankly, it is not necessarily that your public chain can't do well in the two aspects of "decentralization", "security" and "transaction finalizing performance", but it has never done well with these three aspects at the moment.

Public cycle. How is various public chains?

Right now, the most famous court chain projects are generally BTC, ETH, and EOS.

First of all, you should study the Bitcoin - BTC.

BTC uses a consensus tool based on Proof of Job (POW). In the early days of BTC enhancement, an ordinary computer may participate in mining. But later, with the skyrocketing currency price, exploration became profitable, so graphics card exploration appeared, and later ASIC mining models with stronger computer power appeared, and eventually unified the estuaries and rivers and lakes. The mining of normal computers and artwork cards is completely story. At present, the output and production associated with ASIC mining machines are almost monopolized by Bitmain, and also the computing power of BTC's entire multilevel is almost monopolized by way of several large mining pools. Therefore , that "decentralization" of BTC seems to be inaccurate eventually people.

In terms of "transaction processing performance", BTC's TPS is only about 7 transactions a second, which is absolutely unsuitable for daily high-frequency and small-value transfers. It is that low transaction results that has caused the BTC community to remain divided over the long run development of BTC. This disagreement has not been properly settled, finally leading to a hard fork of BTC cash in 2017.

In terms of safety measures, compared with several other court chains, BTC 's still the best. On the a hand, the precessing power of the general network is consistently improved with the upgrading of the ASIC exploration machine itself, along with on the other hand, new exploration machines are always added to continue to boost the computing power for the entire network. As reported by estimates, the current value of attacking BTC is the highest of all POW public chains.

Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus impossible triangle instrument based on proof of operate. But it can even now use graphics card account mining, so the situation of computing strength monopoly is not for the reason that serious as which of BTC. In addition , the recent general overall shift to help you POS consensus to solve the problem of precessing power monopoly, so it's better than BTC with regard to decentralization.

ETH incorporates a slightly higher TPS than BTC, although because ETH is a smart contract base, its application examples are more complex along with congestion is very likely to occur than BTC. As a result, the performance issues that ETH provides exploded have received more attention. Because of this, EOS, which was later very anticipated and troubled, was born.

In terms of protection, ETH is following only to BTC.

We should take a look at EOS that had been so much expected. When EOS first released, TPS was a biggest selling point. In reality, the EOS with the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS of EOS is only one or two hundred. But this approach does not prevent this from ranking highest in terms of transaction digesting speed of the several major public stores.

However , in order to achieve a very TPS, EOS has got made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the entire network of BTC and ETH, there are only 21 nodes on the entire multilevel. Therefore , it is the a large number of questioned of the some major public necklaces in terms of "decentralization".

By a security perspective, since EOS has simply 21 nodes in the entire network, it's relatively easier for hackers to infinite triangle strike 21 nodes compared to to attack 1000s of nodes in BTC or ETH. For that reason EOS is also that worst of the a few in terms of security.

Sooner we analyzed the advantages of some public chains and their capabilities in the "impossible triangle", which is basically the ongoing status of general public chains. But on the subject of the most promising court chain technology usually, Liberum must be mentioned.

At present, the basic principle of blockchain concept is the development logic of "low-level open public chain → choice → project application". Therefore , even simply by 2020, the main place emphasis of the blockchain is still the competition of the hidden public chain jobs. It is obviously promoting the development within the entire blockchain business.

Liberum uses HWD-PoW as the core protocol, while ensuring this decentralization of the open chain, it nonetheless effectively prevents 51% attacks. By isolating transactions and shrewd contracts and constructing a fixed block age group algorithm, the stop production speed, achievements rate, latency, server cost, and scalability cost of the Liberum main network have got all broken the last technical barriers, really surpassing the same hidden public market available chain.

Facing your impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus mechanism to try to optimize the balance between security and additionally transaction processing tempo while maintaining a high degree of decentralization.

Everyone selected three realistic Ethereum mainnet conditions for experiments, and the results were in accordance with the official claims. While using HWD-PoW solution will indeed increase the harm cost by a lot more than 100 times.

In addition , one of the reasons for this inefficiency of already present blockchain solutions is normally that all nodes must process the same undertaking multiple times. Your sharding technology gives you more powerful processing electrical power proportional to the availablility of nodes in the multilevel by sharding this nodes. Through sharding technology and revolutionary improvements that split transactions from good contracts, Liberum's highly developed hierarchical group cycle system has tremendously improved the overall deal processing speed. Theoretically, TPS can accomplish tens of millions. However , it is fully understood that, because Liberum is still in the initial phases of development, to be able to reduce development demand and reduce throw away of resources, your core team now has some restrictions. Liberum's transaction handling speed is for the time being stable at approximately 20, 000 TPS. But even so, the following ultra-high TPS has got thrown EOS, ETH and BTC a long way away.

According to the overall test, Liberum has an unequalled high speed with the overall transaction handling speed of the ongoing public chain on the market, while its different HWD-PoW innovative consensus mechanism maintains increased degree of decentralization although successfully attacking your attacker to twice spend. The cost of disorders and 51% attacks has also risen for a level that may not be surpassed by some other public chains. It's no wonder this after the new associated with Liberum mainnet definitely will launch soon became available recently, there are many concept enthusiasts on the market who highly respect this underlying public chain that broke the "processing speed-security-centralization" impossible triangle.

You might have heard about “the impossible triangle” which has triggerred heated discussion in cryptocurrency communities. We will discuss whether it is a true concept or a pseudo one, because only when we can distinguish the authenticity and no longer waste time on the pseudo one, it is possible to explore the issues worthy the [...]