What exactly is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

The so-called "impossible triangle" means that inside the blockchain public string, it is difficult to obtain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. inch The "transaction processing performance" is often labelled 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. In other words, it is not necessarily that this public chain is unable to 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, along with EOS.

First of all, shall we 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. However , 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. A mining of standard computers and images cards is completely historical past. At present, the developing and production involving ASIC mining equipments are almost monopolized by Bitmain, along with the computing power associated with BTC's entire multi-level is almost monopolized simply by several large exploration pools. Therefore , the "decentralization" of BTC seems to be inaccurate a lot of people.

In terms of "transaction processing performance", BTC's TPS is only on the subject of 7 transactions a second, which is thoroughly unsuitable for daily high-frequency and small-value transfers. It is that low transaction results that has caused the BTC community to remain divided over the long run development of BTC. This disagreement has not been properly settled, finally leading to a hard fork of BTC make the most 2017.

In terms of protection, compared with several other open public chains, BTC continues to the best. On the 1 hand, the computing power of the entire network is constantly improved with the updating 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 of the entire network. According to estimates, the current cost of attacking BTC is the highest of their POW public necklaces.

Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus imposible triangle tool based on proof of operate. But it can even now use graphics card account mining, so the situation of computing strength monopoly is not for the reason that serious as which of BTC. In addition , the recent general overall shift to help you POS consensus to resolve the problem of precessing power monopoly, it is therefore better than BTC with regard to decentralization.

ETH has a slightly higher TPS than BTC, nonetheless because ETH can be a smart contract software, its application circumstances are more complex and congestion is almost certainly going to occur than BTC. As a result, the functioning issues that ETH has got exploded have received much more attention. Because of this, EOS, which was later extremely anticipated and worried, was born.

In terms of reliability, ETH is minute only to BTC.

Shall we take a look at EOS that was so much expected. Any time EOS first became available, 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 that does not prevent the application from ranking highest possible in terms of transaction processing speed of the a few 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 some major public necklaces in terms of "decentralization".

On a security perspective, because EOS has only 21 nodes in the entire network, it is relatively easier for hackers to infinite triangle breach 21 nodes as compared to to attack 1000s of nodes in BTC or ETH. Therefore , EOS is also a 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 stated.

At present, the basic standard of blockchain solutions is the development logic of "low-level open public chain → answer → 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 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 stop 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 a high degree of decentralization.

Everyone selected three realistic Ethereum mainnet conditions for experiments, and the results were in keeping with the official claims. While using the HWD-PoW solution might indeed increase the infiltration 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 supplies more powerful processing electrical power proportional to the wide variety of nodes in the multi-level by sharding this nodes. Through sharding technology and innovative improvements that separate transactions from shrewd contracts, Liberum's highly developed hierarchical group stringed system has considerably improved the overall dealing processing speed. In theory, TPS can reach tens of many. However , it is fully understood that, because Liberum is still in the initial phases of development, to be able to reduce development demand and reduce waste of resources, your core team right now has some limits. Liberum's transaction processing speed is for the time being stable at approximately 20, 000 TPS. But even so, the following ultra-high TPS comes with thrown EOS, ETH and BTC miles away.

According to the overall study, Liberum has an unmatched high speed in the overall transaction producing speed of the up-to-date public chain available on the market, while its unique HWD-PoW innovative consensus mechanism maintains a superior degree of decentralization while successfully attacking this attacker to double spend. The cost of assaults and 51% blasts has also risen to somewhat of a level that should not be surpassed by many other public chains. It truly is no wonder that after the new of Liberum mainnet will launch soon released recently, there are many know-how enthusiasts on the market whom highly respect the following underlying public chain 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 [...]