What is the "impossible triangle"?

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What’s the "impossible triangle"?

The so-called "impossible triangle" means that in the blockchain public cycle, it is difficult to attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction handling performance" is often termed as TPS (Transactions Producing Per Second).

impossible triangle Actually the "impossible triangle" is not a strenuous conclusion. It is just a outline of the actual doing work status of each public chain in the industry. That is to say, it is not necessarily of the fact that public chain can't do well in the three aspects of "decentralization", "security" and "transaction finalizing performance", but it has never done well in these three aspects at the moment.

Public cycle. How is some other public chains?

Right now, the most famous open public chain projects are BTC, ETH, together with EOS.

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

BTC uses a consensus resource based on Proof of Work (POW). In the early days of BTC progress, an ordinary computer may possibly participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, so graphics card exploration appeared, and after ASIC mining machines with stronger computing power appeared, and eventually unified the waterways and lakes. That mining of ordinary computers and artwork cards is completely historical past. At present, the manufacturing and production with ASIC mining devices are almost monopolized by Bitmain, and the computing power with BTC's entire system is almost monopolized by way of several large exploration pools. Therefore , a "decentralization" of BTC seems to be inaccurate to many people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions per second, which is completely unsuitable for day to day high-frequency and small-value transfers. It is this low transaction effectiveness that has caused your BTC community to be divided over the long term development of BTC. This disagreement were properly settled, eventually leading to a hard hand of BTC profit 2017.

In terms of reliability, compared with several other public chains, BTC is the best. On the 1 hand, the precessing power of the over-all network is regularly improved with the upgrading of the ASIC mining machine itself, in addition to on the other hand, new exploration machines are regularly added to continue to boost the computing power in the entire network. According to estimates, the current price of attacking BTC is the highest of all POW public restaurants.

Next, we demonstrate blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus the impossible triangle instrument based on proof of succeed. But it can always use graphics card mining, so the situation of computing strength monopoly is not since serious as of which of BTC. In addition , the recent general overall shift to POS consensus to eliminate the problem of scheming power monopoly, so it's better than BTC with regard to decentralization.

ETH contains a slightly higher TPS than BTC, although because ETH can be described as smart contract platform, its application circumstances are more complex along with congestion is almost certainly going to occur than BTC. As a result, the capabilities issues that ETH has exploded have received far more attention. Because of this, EOS, which was later extremely anticipated and troubled, was born.

In terms of reliability, ETH is next only to BTC.

Let's take a look at EOS that's so much expected. The moment EOS first became available, TPS was it's biggest selling point. The fact remains, the EOS for the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS with EOS is only one or two hundred. But the following does not prevent it from ranking maximum in terms of transaction digesting speed of the a few major public organizations.

However , in order to achieve a really TPS, EOS has made huge surrender in the degree of decentralization. Compared to the 10, 000 nodes on the comprehensive network of BTC and ETH, it's only 21 nodes on the entire system. Therefore , it is the the majority questioned of the some major public chains in terms of "decentralization".

From a security perspective, considering EOS has sole 21 nodes within the entire network, it is relatively easier for hackers to imposible triangle harm 21 nodes than to attack several thousand nodes in BTC or ETH. For that reason EOS is also this worst of the two in terms of security.

Quicker we analyzed some great benefits of some public necklaces and their capabilities in the "impossible triangle", which is basically the present-day status of open chains. But in regards to the most promising open public chain technology massive, Liberum must be referred to.

At present, the basic standard of blockchain technology is the development common sense of "low-level general public chain → method → project application". Therefore , even just by 2020, the main concentration of the blockchain is the competition of the root public chain plans. It is obviously supporting the development for the entire blockchain marketplace.

Liberum uses HWD-PoW as the core formula, while ensuring a decentralization of the general public chain, it nonetheless effectively prevents 51% attacks. By separating transactions and smart contracts and constructing a fixed block new release algorithm, the hinder production speed, success rate, latency, server cost, and scalability cost of the Liberum main network need all broken way back when technical barriers, considerably surpassing the same fundamental public market available to buy chain.

Facing that impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus tool to try to optimize the total amount between security together with transaction processing pace while maintaining an increased degree of decentralization.

Everyone selected three substantial Ethereum mainnet examples for experiments, and the results were consistent with the official claims. When using the HWD-PoW solution will indeed increase the breach cost by greater than 100 times.

In addition , one of the reasons for this inefficiency of prevailing blockchain solutions is actually that all nodes must process the same mission multiple times. A sharding technology gives you more powerful processing power proportional to the number of nodes in the multilevel by sharding that nodes. Through sharding technology and groundbreaking improvements that distinguish transactions from good contracts, Liberum's highly developed hierarchical group string system has considerably improved the overall business deal processing speed. In theory, TPS can get through to tens of millions. However , it is understood that, because Liberum is still in the initial phases of development, so that they can reduce development demand and reduce waste of resources, this core team at present has some polices. Liberum's transaction digesting speed is for the time being stable at approximately 20, 000 TPS. But even so, this particular ultra-high TPS comes with thrown EOS, ETH and BTC a long way away.

According to the overall exploration, Liberum has an unmatched high speed with the overall transaction handling speed of the ongoing public chain available on the market, while its completely unique HWD-PoW innovative total mechanism maintains an increased degree of decentralization even though successfully attacking this attacker to double spend. The cost of episodes and 51% episodes has also risen to somewhat of a level that cannot be surpassed by many other public chains. It's no wonder that after the new associated with Liberum mainnet might launch soon came out recently, there are many know-how enthusiasts on the market whom highly respect that underlying public cycle that broke your "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 [...]