What’s the "impossible triangle"?
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What exactly is the "impossible triangle"?
The so-called "impossible triangle" means that inside the blockchain public company, it is difficult to create both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction finalizing performance" is often sometimes referred to as TPS (Transactions Handling Per Second).
the impossible triangle Actually , the "impossible triangle" is not a strenuous conclusion. It is just a outline of the actual using status of each open public chain in the industry. Frankly, it is not necessarily of the fact that public chain can't do well in the several aspects of "decentralization", "security" and "transaction finalizing performance", but it haven't 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, together with EOS.
First of all, let's study the Bitcoin - BTC.
BTC uses a consensus instrument based on Proof of Job (POW). In the conception of BTC development, an ordinary computer may possibly participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and afterwards ASIC mining machines with stronger research power appeared, consequently unified the rivers and lakes. This 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 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 to day high-frequency and small-value transfers. It is this low transaction functioning that has caused your BTC community to get divided over the forthcoming development of BTC. This disagreement were properly settled, in due course leading to a hard shell of BTC cash in 2017.
In terms of safety measures, compared with several other general public chains, BTC 's still the best. On the a hand, the precessing power of the general network is continuously improved with the updating of the ASIC mining machine itself, and on the other hand, new exploration machines are consistently added to continue to increase the computing power within the entire network. Based on estimates, the current price of attacking BTC is the highest of their POW public necklaces.
Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus infinite triangle process based on proof of work. But it can still use graphics credit card mining, so the position of computing electricity 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 provides a slightly higher TPS than BTC, nevertheless because ETH is often a smart contract principle, its application scenarios are more complex in addition to congestion is very likely to occur than BTC. As a result, the performance issues that ETH provides exploded have received far more attention. Because of this, EOS, which was later very anticipated and troubled, was born.
In terms of safety measures, 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 the country's biggest selling point. Really, the EOS with the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS with EOS is only some hundred. But this particular does not prevent the idea from ranking maximum in terms of transaction producing speed of the some major public chains.
However , in order to achieve a really TPS, EOS provides made huge eschew in the degree of decentralization. Compared to the 10, 000 nodes on the whole network of BTC and ETH, it offers only 21 nodes on the entire system. Therefore , it is the most questioned of the three major public restaurants in terms of "decentralization".
With a security perspective, simply because EOS has only 21 nodes in the entire network, it is relatively easier for hackers to infinite triangle attack 21 nodes than to attack thousands of nodes in BTC or ETH. For that reason EOS is also a worst of the two in terms of security.
Previous we analyzed the main advantages of some public organizations and their effectiveness in the "impossible triangle", which is basically the current status of open chains. But in the case of the most promising court chain technology in recent years, 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 concentrate of the blockchain holds the competition of the base public chain plans. It is obviously promoting the development with the entire blockchain industry.
Liberum uses HWD-PoW as the core protocol, while ensuring a decentralization of the court chain, it always effectively prevents 51% attacks. By removing transactions and good contracts and coming up with a fixed block new release algorithm, the block production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network have all broken days gone by technical barriers, tremendously surpassing the same underlying public market available on the market chain.
Facing a impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the balance between security in addition to transaction processing tempo while maintaining a high degree of decentralization.
We selected three substantial Ethereum mainnet eventualities for experiments, and the results were in keeping with the official claims. While using the HWD-PoW solution are able to indeed increase the infiltration cost by greater than 100 times.
Additionally , one of the reasons for your inefficiency of prevailing blockchain solutions is actually that all nodes will need to process the same job multiple times. This sharding technology can provide more powerful processing potential proportional to the wide variety of nodes in the mobile phone network by sharding your nodes. Through sharding technology and excellent improvements that split transactions from shrewd contracts, Liberum's innovative hierarchical group stringed system has really improved the overall transaction processing speed. The theory is that, TPS can get to tens of hundreds of thousands. 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 limitations. Liberum's transaction digesting speed is temporarily stable at all over 20, 000 TPS. But even so, that ultra-high TPS has thrown EOS, ETH and BTC far off.
According to the overall test, Liberum has an unequalled high speed with the overall transaction processing speed of the ongoing public chain on the market, while its different HWD-PoW innovative complete mechanism maintains a superior degree of decentralization while successfully attacking this attacker to double spend. The cost of assaults and 51% episodes has also risen to a level that should not be surpassed by additional public chains. It can be no wonder this after the new of Liberum mainnet might launch soon arrived on the scene recently, there are many technology enthusiasts on the market that highly respect this approach underlying public cycle that broke the "processing speed-security-centralization" difficult 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 [...]