Precisely what is the "impossible triangle"?

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What exactly is the "impossible triangle"?

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

imposible triangle Actually the "impossible triangle" is not a arduous conclusion. It is just a summary of the actual working with status of each open 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?

At the moment, the most famous general public chain projects are generally BTC, ETH, and EOS.

First of all, you should study the Bitcoin - BTC.

BTC uses a consensus tool based on Proof of Succeed (POW). In the early days of BTC improvement, an ordinary computer may participate in mining. But later, with the skyrocketing currency price, mining became profitable, so graphics card exploration appeared, and later ASIC mining models with stronger computer power appeared, subsequently unified the waterways 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 approximately 7 transactions each and every second, which is completely unsuitable for day-to-day high-frequency and small-value transfers. It is this approach 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, in addition to on the other hand, new exploration machines are always added to continue to boost the computing power for the entire network. As reported by estimates, the current price of attacking BTC is the highest of their POW public necklaces.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus imposible triangle instrument based on proof of operate. But it can always use graphics greeting card mining, so the circumstances of computing electrical power monopoly is not as serious as of which of BTC. In addition , the recent overall overall shift to be able to POS consensus to fix the problem of computing 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 circumstances are more complex and congestion is almost certainly going to occur than BTC. As a result, the effectiveness issues that ETH has got exploded have received even more attention. Because of this, EOS, which was later extremely anticipated and worried, was born.

In terms of stability, ETH is second only to BTC.

Today i want to take a look at EOS which has been so much expected. As soon as EOS first arrived on the scene, TPS was its biggest selling point. The fact remains, the EOS within the once-proclaimed million-level TPS has long since changed, because in fact , the TPS involving EOS is only a couple hundred. But this does not prevent the idea from ranking top in terms of transaction handling speed of the three major public restaurants.

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 network. Therefore , it is the most questioned of the a few major public restaurants in terms of "decentralization".

With a security perspective, considering EOS has sole 21 nodes with the entire network, it's relatively easier designed for hackers to impossible triangle harm 21 nodes as opposed to to attack several thousand nodes in BTC or ETH. For that reason EOS is also this worst of the a few in terms of security.

Sooner we analyzed some great benefits of some public chains and their results in the "impossible triangle", which is basically the active status of court chains. But in regards to the most promising public chain technology usually, Liberum must be referred to.

At present, the basic process of blockchain concept is the development intuition of "low-level general public chain → method → project application". Therefore , even as a result of 2020, the main focus of the blockchain continues to the competition of the fundamental public chain jobs. It is obviously selling the development of the entire blockchain market.

Liberum uses HWD-PoW as the core algorithm, while ensuring this decentralization of the open chain, it even now effectively prevents 51% attacks. By divorce transactions and clever contracts and creating a fixed block age bracket algorithm, the prohibit production speed, success rate, latency, server cost, and scalability cost of the Liberum main network need all broken way back when technical barriers, greatly surpassing the same root public market that you can buy chain.

Facing that impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus resource to try to optimize the total amount between security along with transaction processing speed while maintaining increased degree of decentralization.

Everyone selected three realistic Ethereum mainnet conditions for experiments, along with the results were in accordance with the official claims. While using HWD-PoW solution might indeed increase the harm 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 provides more powerful processing power proportional to the number of nodes in the multilevel by sharding that nodes. Through sharding technology and ground-breaking improvements that standalone transactions from smart contracts, Liberum's advanced hierarchical group cycle system has vastly improved the overall deal processing speed. Theoretically, TPS can reach tens of millions. However , it is fully understood that, because Liberum is still in the initial phases of development, so as to reduce development pressure and reduce fritter away of resources, that core team currently has some constraints. Liberum's transaction finalizing speed is for the short term stable at round 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 inside overall transaction handling speed of the up-to-date public chain that you can buy, while its distinctive HWD-PoW innovative opinion mechanism maintains an increased degree of decentralization despite the fact that successfully attacking that attacker to two-fold spend. The cost of attacks and 51% assaults has also risen to the level that may not be surpassed by various public chains. It truly is no wonder that will after the new associated with Liberum mainnet definitely will launch soon ended up recently, there are many know-how enthusiasts on the market exactly who highly respect the following underlying public company that broke your "processing speed-security-centralization" not possible 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 [...]