What is the "impossible triangle"?

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What exactly is the "impossible triangle"?

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

penrose triangle meaning In fact , the "impossible triangle" is not a difficult conclusion. It is just a overview of the actual working with status of each court chain in the industry. Frankly, it is not necessarily that public chain can't do well in the three aspects of "decentralization", "security" and "transaction finalizing performance", but it hasn't done well inside these three factors at the moment.

Public string. How is additional public chains?

At the moment, the most famous open chain projects are BTC, ETH, and additionally EOS.

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

BTC uses a consensus mechanism based on Proof of Succeed (POW). In the start of BTC improvement, an ordinary computer might participate in mining. But later, with the skyrocketing currency price, mining became profitable, so graphics card mining appeared, and later ASIC mining devices with stronger computer power appeared, and at last unified the estuaries and rivers and lakes. Your mining of normal computers and layouts cards is completely story. At present, the producing and production associated with ASIC mining models are almost monopolized by Bitmain, plus the computing power associated with BTC's entire mobile phone network is almost monopolized simply by several large mining pools. Therefore , the "decentralization" of BTC seems to be inaccurate to many people.

In terms of "transaction processing performance", BTC's TPS is only on the subject of 7 transactions for second, which is absolutely unsuitable for day by day high-frequency and small-value transfers. It is that low transaction effectiveness that has caused the BTC community to get divided over the upcoming development of BTC. This disagreement were properly settled, eventually leading to a hard shell of BTC benefit 2017.

In terms of protection, compared with several other general public chains, BTC is the best. On the a hand, the computer power of the entire network is always improved with the updating of the ASIC exploration machine itself, together with on the other hand, new exploration machines are constantly added to continue to increase the computing power in the entire network. Based on estimates, the current charge of attacking BTC is the highest of their POW public organizations.

Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus impossible triangle tool based on proof of work. But it can nevertheless use graphics greeting card mining, so the situation of computing electricity monopoly is not like serious as that will of BTC. In addition , the recent general overall shift to be able to POS consensus to resolve the problem of scheming power monopoly, therefore it is better than BTC in terms of decentralization.

ETH contains a slightly higher TPS than BTC, although because ETH is often a smart contract software, its application scenarios are more complex together with congestion is more prone to occur than BTC. As a result, the capabilities issues that ETH has got exploded have received far more attention. Because of this, EOS, which was later highly anticipated and concerned, was born.

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

Let's take a look at EOS that's so much expected. When EOS first ended up, TPS was its biggest selling point. In reality, the EOS of the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS from EOS is only some hundred. But that does not prevent that from ranking optimum in terms of transaction processing speed of the some major public stores.

However , in order to achieve this TPS, EOS comes with made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the whole network of BTC and ETH, it's only 21 nodes on the entire multi-level. Therefore , it is the most questioned of the two major public organizations in terms of "decentralization".

From a security perspective, due to the fact EOS has sole 21 nodes in the entire network, it happens to be relatively easier with regard to hackers to impossible triangle infiltration 21 nodes as compared to to attack several thousand nodes in BTC or ETH. Consequently , EOS is also a worst of the a few in terms of security.

Quicker we analyzed the main advantages of some public necklaces and their functioning in the "impossible triangle", which is basically the present-day status of general public chains. But in the case of the most promising public chain technology massive, Liberum must be stated.

At present, the basic process of blockchain know-how is the development judgement of "low-level general public chain → alternative → project application". Therefore , even by way of 2020, the main focus of the blockchain 's still the competition of the hidden public chain jobs. It is obviously promoting the development in the entire blockchain market.

Liberum uses HWD-PoW as the core protocol, while ensuring your decentralization of the open chain, it still effectively prevents 51% attacks. By separating transactions and clever contracts and constructing a fixed block new release algorithm, the prohibit production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network possess all broken way back when technical barriers, vastly surpassing the same base public market on the market chain.

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

You selected three realistic Ethereum mainnet eventualities for experiments, and also the results were in accordance with the official claims. With the HWD-PoW solution can indeed increase the harm cost by around 100 times.

In addition , one of the reasons for the inefficiency of prevailing blockchain solutions is normally that all nodes ought to process the same task multiple times. Your sharding technology gives you more powerful processing electrical power proportional to the variety of nodes in the multilevel by sharding the nodes. Through sharding technology and revolutionary improvements that split transactions from smart contracts, Liberum's leading-edge hierarchical group stringed system has vastly improved the overall business deal processing speed. The theory is that, TPS can arrive at tens of many. However , it is appreciated that, because Liberum is still in the beginning of development, to be able to reduce development difficulty and reduce waste products of resources, your core team currently has some limitations. Liberum's transaction processing speed is for the moment stable at round 20, 000 TPS. But even so, the following ultra-high TPS offers thrown EOS, ETH and BTC far away.

According to the overall test, Liberum has an unmatched high speed inside the overall transaction processing speed of the up-to-date public chain available on the market, while its unique HWD-PoW innovative complete mechanism maintains an increased degree of decentralization whereas successfully attacking a attacker to double spend. The cost of attacks and 51% blasts has also risen to your level that should not be surpassed by various public chains. It truly is no wonder of which after the new of Liberum mainnet will launch soon ended up recently, there are many technological know-how enthusiasts on the market which highly respect the following underlying public stringed that broke that "processing speed-security-centralization" improbable 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 [...]