What is the "impossible triangle"?

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What exactly is the "impossible triangle"?

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

penrose triangle meaning Actually , the "impossible triangle" is not a difficult conclusion. It is just a outline of the actual using status of each open public chain in the industry. In other words, it is not necessarily that this public chain can not do well in the a few aspects of "decentralization", "security" and "transaction processing performance", but it has not done well inside these three areas at the moment.

Public company. How is many other public chains?

At the present time, the most famous public chain projects tend to be BTC, ETH, in addition to EOS.

First of all, today i want to study the Bitcoin - BTC.

BTC uses a consensus process based on Proof of Work (POW). In the birth of BTC advancement, an ordinary computer could participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, thus graphics card mining appeared, and later on ASIC mining units with stronger computing power appeared, and in the end unified the canals and lakes. Your mining of usual computers and images cards is completely historical past. At present, the producing and production with ASIC mining models are almost monopolized by Bitmain, along with the computing power associated with BTC's entire network is almost monopolized as a result of several large exploration pools. Therefore , a "decentralization" of BTC seems to be inaccurate to a lot people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions per second, which is entirely unsuitable for day by day high-frequency and small-value transfers. It is this low transaction functioning that has caused your BTC community to get divided over the future development of BTC. This disagreement hasn't been properly settled, ultimately leading to a hard derive of BTC profit 2017.

In terms of security, compared with several other general public chains, BTC holds the best. On the a particular hand, the scheming power of the whole network is always improved with the bringing up-to-date of the ASIC exploration machine itself, in addition to on the other hand, new exploration machines are always added to continue to boost the computing power with the entire network. As per estimates, the current expense of attacking BTC is the highest of POW public restaurants.

Next, we demonstrate blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus infinite triangle process based on proof of work. But it can always use graphics greeting card mining, so the circumstances of computing electrical power monopoly is not as serious as of which of BTC. In addition , the recent overall overall shift to be able to POS consensus to fix the problem of computer power monopoly, therefore it is better than BTC in the case of decentralization.

ETH contains a slightly higher TPS than BTC, but because ETH can be described as smart contract stage, its application conditions are more complex together with congestion is more likely to occur than BTC. As a result, the capabilities issues that ETH has exploded have received a lot more attention. Because of this, EOS, which was later highly anticipated and nervous, was born.

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

You should take a look at EOS that's so much expected. When ever EOS first came out, TPS was her biggest selling point. The truth is, the EOS in the once-proclaimed million-level TPS has long due to the fact changed, because actually the TPS of EOS is only several hundred. But that 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 made huge sacrifices 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 multilevel. Therefore , it is the a lot of questioned of the two major public necklaces in terms of "decentralization".

On a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier designed for hackers to impossible triangle attack 21 nodes than to attack thousands of nodes in BTC or ETH. For that reason EOS is also your worst of the several in terms of security.

Sooner we analyzed some great benefits of some public chains and their performance in the "impossible triangle", which is basically the present-day status of open public chains. But concerning the most promising public chain technology nowadays, Liberum must be talked about.

At present, the basic process of blockchain technology is the development reason of "low-level general public chain → method → project application". Therefore , even simply by 2020, the main center of the blockchain is the competition of the root public chain jobs. It is obviously selling the development of the entire blockchain market.

Liberum uses HWD-PoW as the core formula, while ensuring this decentralization of the open chain, it nevertheless effectively prevents 51% attacks. By divorce transactions and clever contracts and creating a fixed block age bracket algorithm, the filter production speed, success rate, latency, server cost, and scalability cost of the Liberum main network need all broken way back when technical barriers, greatly surpassing the same root public market that you can buy chain.

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

Everyone selected three realistic Ethereum mainnet scenarios for experiments, along with the results were in accordance with the official claims. While using HWD-PoW solution might indeed increase the harm cost by greater than 100 times.

Additionally , one of the reasons for a inefficiency of prevailing blockchain solutions is that all nodes need to process the same task multiple times. The sharding technology provides more powerful processing power proportional to the number of nodes in the network by sharding a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from wise contracts, Liberum's leading-edge hierarchical group company system has considerably improved the overall dealing processing speed. The theory is that, TPS can get through to tens of a huge number. However , it is appreciated that, because Liberum is still in the early stages of development, for you to reduce development burden and reduce squander of resources, the core team at present has some polices. Liberum's transaction processing 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 analysis, Liberum has an unmatched high speed in the overall transaction producing speed of the current public chain available on the market, while its completely unique HWD-PoW innovative opinion mechanism maintains increased degree of decentralization whereas successfully attacking the attacker to 2 bottle spend. The cost of disorders and 51% blasts has also risen to somewhat of a level that cannot be surpassed by some other public chains. It truly is no wonder that will after the new associated with Liberum mainnet definitely will launch soon ended up recently, there are many know-how enthusiasts on the market exactly who highly respect the following underlying public company that broke your "processing speed-security-centralization" not possible 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 [...]