What’s the "impossible triangle"?

What’s the "impossible triangle"?

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What is the "impossible triangle"?

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

imposible triangle In fact , the "impossible triangle" is not a rigorous conclusion. It is just a outline of the actual doing work status of each court chain in the industry. That is to say, it is not necessarily that your public chain simply cannot do well in the a few aspects of "decentralization", "security" and "transaction producing performance", but it has never done well within these three aspects at the moment.

Public chain. How is various public chains?

Nowadays, the most famous open chain projects are generally BTC, ETH, in addition to EOS.

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

BTC uses a consensus tool based on Proof of Operate (POW). In the beginning of BTC enhancement, an ordinary computer could participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, which means graphics card exploration appeared, and later on ASIC mining equipments with stronger computer power appeared, consequently unified the rivers and lakes. The mining of ordinary computers and artwork cards is completely heritage. At present, the output and production of ASIC mining equipments are almost monopolized by Bitmain, as well as the computing power of BTC's entire network is almost monopolized simply by several large mining pools. Therefore , your "decentralization" of BTC seems to be inaccurate to numerous people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions per second, which is altogether unsuitable for day to day high-frequency and small-value transfers. It is that low transaction performance that has caused that BTC community to get divided over the upcoming development of BTC. This disagreement was not properly settled, eventually leading to a hard shell of BTC make the most 2017.

In terms of protection, compared with several other court chains, BTC is still the best. On the an individual hand, the computing power of the comprehensive network is always improved with the upgrading of the ASIC mining machine itself, and on the other hand, new mining machines are continuously added to continue to increase the computing power for the entire network. Consistent with estimates, the current price of attacking BTC is the highest of all POW public necklaces.

Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus imposible triangle process based on proof of succeed. But it can nevertheless use graphics business card mining, so the circumstances of computing electrical power monopoly is not since serious as this of BTC. Additionally , the recent all around overall shift to be able to POS consensus to eliminate the problem of scheming power monopoly, so it's better than BTC in terms of decentralization.

ETH has a slightly higher TPS than BTC, nevertheless because ETH is mostly a smart contract base, its application scenarios are more complex together with congestion is more prone to occur than BTC. As a result, the performance issues that ETH offers exploded have received more attention. Because of this, EOS, which was later really anticipated and nervous, was born.

In terms of safety measures, ETH is second only to BTC.

Shall we take a look at EOS that had been so much expected. When ever EOS first came out, TPS was a biggest selling point. Frankly, the EOS for the once-proclaimed million-level TPS has long since changed, because actually the TPS from EOS is only some hundred. But the following does not prevent the idea from ranking maximum in terms of transaction finalizing speed of the some major public stores.

However , in order to achieve a really TPS, EOS has 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 a large number of questioned of the a few major public organizations in terms of "decentralization".

From your security perspective, simply because EOS has simply 21 nodes inside entire network, it's relatively easier for hackers to penrose triangle meaning harm 21 nodes as opposed to to attack 1000s of nodes in BTC or ETH. For that reason EOS is also the worst of the some in terms of security.

Earlier we analyzed the advantages of some public restaurants and their performance in the "impossible triangle", which is basically the active status of open public chains. But in regards to the most promising court chain technology massive, Liberum must be outlined.

At present, the basic rationale of blockchain technology is the development reason of "low-level open public chain → answer → project application". Therefore , even by 2020, the main concentrate of the blockchain continues to the competition of the base public chain plans. It is obviously selling the development within the entire blockchain marketplace.

Liberum uses HWD-PoW as the core algorithm, while ensuring this decentralization of the general public chain, it always effectively prevents 51% attacks. By removing transactions and smart contracts and constructing a fixed block age bracket algorithm, the filter production speed, financial success rate, latency, server cost, and scalability cost of the Liberum main network possess all broken prior times technical barriers, vastly surpassing the same base public market that you can buy chain.

Facing this impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus mechanism to try to optimize the balance between security together with transaction processing acceleration while maintaining a healthy degree of decentralization.

Most people selected three real Ethereum mainnet scenarios for experiments, plus the results were consistent with the official claims. While using HWD-PoW solution will indeed increase the strike cost by more than 100 times.

Additionally , one of the reasons for that inefficiency of active blockchain solutions is normally that all nodes need to process the same process multiple times. A sharding technology gives more powerful processing electrical power proportional to the number of nodes in the network by sharding your nodes. Through sharding technology and innovative improvements that distinguish transactions from clever contracts, Liberum's advanced hierarchical group chain system has vastly improved the overall exchange processing speed. Theoretically, TPS can accomplish tens of scores. However , it is understood that, because Liberum is still in the early stages of development, so as to reduce development pressure and reduce squander of resources, this core team right now has some limitations. Liberum's transaction processing speed is momentarily stable at round 20, 000 TPS. But even so, the following ultra-high TPS provides thrown EOS, ETH and BTC a long way away.

According to the overall exploration, Liberum has an unmatched high speed in the overall transaction producing speed of the up-to-date public chain on the market, while its completely unique HWD-PoW innovative opinion mechanism maintains a superior degree of decentralization although successfully attacking the attacker to double spend. The cost of disorders and 51% disorders has also risen to somewhat of a level that shouldn't be surpassed by various public chains. It's no wonder that will after the new of Liberum mainnet definitely will launch soon arrived on the scene recently, there are many solutions enthusiasts on the market which highly respect this particular underlying public string that broke a "processing speed-security-centralization" extremely hard 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 [...]

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