What’s the "impossible triangle"?

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What is the "impossible triangle"?

The so-called "impossible triangle" means that inside blockchain public string, it is difficult to create both good "decentralization" and good "security" of the system. "Transaction Processing Performance. inches The "transaction processing performance" is often called TPS (Transactions Digesting Per Second).

imposible triangle Actually the "impossible triangle" is not a difficult conclusion. It is just a brief summary of the actual working with 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 some 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, which means graphics card mining appeared, and after ASIC mining devices with stronger precessing power appeared, and at last unified the rivers and lakes. Your mining of ordinary computers and layouts cards is completely history. At present, the producing and production of ASIC mining units are almost monopolized by Bitmain, and the computing power involving BTC's entire system is almost monopolized just by several large mining pools. Therefore , your "decentralization" of BTC seems to be inaccurate to many people.

In terms of "transaction processing performance", BTC's TPS is only concerning 7 transactions for second, which is completely unsuitable for day-to-day high-frequency and small-value transfers. It is this particular low transaction performance that has caused that BTC community being divided over the upcoming development of BTC. This disagreement isn't properly settled, eventually leading to a hard hand of BTC money in 2017.

In terms of stability, compared with several other open public chains, BTC is the best. On the one hand, the computing power of the entire network is constantly improved with the updating your of the ASIC mining machine itself, together with on the other hand, new mining machines are continuously added to continue to enhance the computing power within the entire network. Based on estimates, the current price of attacking BTC is the highest of their POW public stores.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus penrose triangle meaning resource based on proof of succeed. But it can nevertheless use graphics card mining, so the state of affairs of computing potential monopoly is not since serious as that of BTC. Additionally , the recent over-all overall shift to POS consensus to eliminate the problem of scheming power monopoly, so it is better than BTC when it comes to decentralization.

ETH carries a slightly higher TPS than BTC, but because ETH can be described as smart contract stage, its application conditions are more complex and additionally 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 uneasy, was born.

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

You should take a look at EOS that's so much expected. Any time EOS first came out, TPS was it's biggest selling point. Frankly, the EOS within the once-proclaimed million-level TPS has long considering changed, because actually , the TPS associated with EOS is only a few hundred. But the following does not prevent that from ranking top in terms of transaction handling speed of the three major public restaurants.

However , in order to achieve this TPS, EOS offers made huge forfeit in the degree of decentralization. Compared to the 10, 000 nodes on the general network of BTC and ETH, it offers only 21 nodes on the entire network. Therefore , it is the the majority questioned of the a few major public restaurants in terms of "decentralization".

From your security perspective, considering EOS has sole 21 nodes with the entire network, it's relatively easier meant for hackers to the impossible triangle strike 21 nodes when compared to to attack tens of thousands of nodes in BTC or ETH. Therefore , EOS is also the worst of the some in terms of security.

Early we analyzed the benefits of some public stores and their functioning in the "impossible triangle", which is basically the up-to-date status of open chains. But in the case of the most promising court chain technology lately, Liberum must be stated.

At present, the basic standard of blockchain technological know-how is the development logic of "low-level open public chain → answer → project application". Therefore , even by way of 2020, the main place emphasis of the blockchain is still the competition of the hidden public chain assignments. It is obviously advertising the development in the entire blockchain business.

Liberum uses HWD-PoW as the core criteria, while ensuring your decentralization of the public chain, it nonetheless effectively prevents 51% attacks. By separating transactions and shrewd contracts and decorating a fixed block age group algorithm, the hinder production speed, financial success rate, latency, server cost, and scalability cost of the Liberum main network have got all broken the past technical barriers, really surpassing the same hidden public market available chain.

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

You selected three real Ethereum mainnet examples for experiments, and also the results were in accordance with the official claims. While using the HWD-PoW solution may well indeed increase the attack cost by greater than 100 times.

In addition , one of the reasons for that inefficiency of prevailing blockchain solutions is normally that all nodes will need to process the same process multiple times. A sharding technology gives you more powerful processing electrical power proportional to the number of nodes in the mobile phone network by sharding this nodes. Through sharding technology and groundbreaking improvements that isolate transactions from clever contracts, Liberum's highly developed hierarchical group company system has greatly improved the overall deal processing speed. In theory, TPS can get to tens of scores. However , it is grasped that, because Liberum is still in the early stages of development, so that they can reduce development pressure and reduce squander of resources, a core team right now has some constraints. Liberum's transaction digesting speed is momentarily stable at around 20, 000 TPS. But even so, that ultra-high TPS has got thrown EOS, ETH and BTC distant.

According to the overall examination, Liberum has an unequalled high speed in the overall transaction digesting speed of the ongoing public chain that you can buy, while its unique HWD-PoW innovative complete mechanism maintains a superior degree of decentralization despite the fact that successfully attacking a attacker to double spend. The cost of blasts and 51% blasts has also risen to your level that can not be surpassed by various public chains. It truly is no wonder that 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 [...]