Precisely what is the "impossible triangle"?

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What exactly the "impossible triangle"?

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

penrose triangle meaning Actually the "impossible triangle" is not a arduous conclusion. It is just a summary of the actual operating status of each general public chain in the industry. That is to say, it is not necessarily that the public chain cannot do well in the three aspects of "decentralization", "security" and "transaction processing performance", but it has not done well in these three attributes 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 Operate (POW). In the conception of BTC development, an ordinary computer may possibly participate in mining. Although 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 waters and lakes. This mining of ordinary computers and sharp graphics 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 , a "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 altogether unsuitable for day-to-day high-frequency and small-value transfers. It is this particular low transaction performance that has caused that BTC community to become divided over the long term development of BTC. This disagreement was not properly settled, subsequently leading to a hard division of BTC benefit 2017.

In terms of reliability, compared with several other open chains, BTC is still the best. On the an individual hand, the scheming power of the over-all network is regularly improved with the improvement of the ASIC exploration machine itself, in addition to on the other hand, new mining machines are regularly added to continue to improve the computing power in the entire network. Consistent with estimates, the current charge of attacking BTC is the highest off POW public restaurants.

Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus infinite triangle mechanism based on proof of get the job done. But it can always use graphics greeting card mining, so the circumstances of computing electrical power monopoly is not as serious as this 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 concerning decentralization.

ETH contains a slightly higher TPS than BTC, however , because ETH is mostly a smart contract platform, its application eventualities are more complex together with congestion is almost certainly going to occur than BTC. As a result, the functioning issues that ETH has exploded have received much more attention. Because of this, EOS, which was later highly anticipated and uneasy, was born.

In terms of reliability, ETH is minute 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. Frankly, the EOS of the once-proclaimed million-level TPS has long due to the fact changed, because actually the TPS from EOS is only several hundred. But that does not prevent the application from ranking highest possible in terms of transaction digesting speed of the several major public stores.

However , in order to achieve a very TPS, EOS has got made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the comprehensive network of BTC and ETH, there are only 21 nodes on the entire multilevel. Therefore , it is the a lot of questioned of the two major public stores in terms of "decentralization".

On a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier 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 two in terms of security.

Previous we analyzed the benefits 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 lately, Liberum must be mentioned.

At present, the basic standard of blockchain solutions is the development logic of "low-level open chain → alternative → project application". Therefore , even by 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 the decentralization of the court chain, it always effectively prevents 51% attacks. By removing transactions and good contracts and coming up with a fixed block iteration algorithm, the block production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network have all broken prior times 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 increased degree of decentralization.

We selected three real Ethereum mainnet conditions for experiments, as well as the results were in step with the official claims. While using HWD-PoW solution are able to indeed increase the breach cost by more than 100 times.

Additionally , one of the reasons for this inefficiency of existing blockchain solutions can be that all nodes must process the same job multiple times. The sharding technology gives more powerful processing electricity proportional to the amount of nodes in the system by sharding this nodes. Through sharding technology and ground-breaking improvements that distinguish transactions from shrewd contracts, Liberum's advanced hierarchical group string system has really improved the overall exchange processing speed. Theoretically, TPS can get through to tens of hundreds of thousands. However , it is understood that, because Liberum is still in the first stages of development, for you to reduce development stress and reduce throw away of resources, that core team already has some limits. Liberum's transaction producing speed is temporarily stable at approximately 20, 000 TPS. But even so, this particular ultra-high TPS has thrown EOS, ETH and BTC a long way away.

According to the overall study, Liberum has an unparalleled high speed inside the overall transaction digesting speed of the active public chain available to buy, while its completely unique HWD-PoW innovative consensus mechanism maintains increased degree of decentralization even though successfully attacking the attacker to double spend. The cost of blasts and 51% episodes has also risen to the level that shouldn't be surpassed by various public chains. It happens to be no wonder that will after the new with Liberum mainnet will launch soon came out recently, there are many concept enthusiasts on the market that highly respect that underlying public stringed that broke a "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 [...]