What exactly is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

The so-called "impossible triangle" means that in the blockchain public chain, 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. In other words, 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 has never done well with these three factors at the moment.

Public chain. How is additional public chains?

Nowadays, the most famous open public chain projects usually are BTC, ETH, and additionally EOS.

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

BTC uses a consensus mechanism based on Proof of Succeed (POW). In the beginning of BTC improvement, an ordinary computer may well participate in mining. But later, with the skyrocketing currency price, exploration became profitable, so graphics card exploration appeared, and later ASIC mining models with stronger computer power appeared, and eventually unified the estuaries and rivers and lakes. That mining of typical computers and sharp graphics cards is completely the past. At present, the construction and production from ASIC mining units are almost monopolized by Bitmain, as well as the computing power with BTC's entire mobile phone network 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 concerning 7 transactions for second, which is completely unsuitable for day-to-day high-frequency and small-value transfers. It is this particular low transaction performance that has caused that BTC community being 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 public chains, BTC holds the best. On the an individual hand, the scheming power of the over-all network is always improved with the improvement of the ASIC mining machine itself, and additionally on the other hand, new mining machines are constantly 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 work. 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 over-all overall shift to be able to POS consensus to eliminate the problem of computer power monopoly, so it is better than BTC in the case of decentralization.

ETH carries a slightly higher TPS than BTC, but because ETH can be described as smart contract stage, its application conditions are more complex and additionally congestion is apt to occur than BTC. As a result, the results issues that ETH comes with exploded have received far more attention. Because of this, EOS, which was later really anticipated and nervous, was born.

In terms of safety measures, ETH is 2nd only to BTC.

Let's take a look at EOS who was so much expected. The moment EOS first ended up, TPS was a biggest selling point. In reality, the EOS in the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS of EOS is only one or two hundred. But this approach does not prevent this from ranking top in terms of transaction processing speed of the a few major public organizations.

However , in order to achieve a great TPS, EOS has got made huge forfeit in the degree of decentralization. Compared to the 10, 000 nodes on the entire network of BTC and ETH, it has only 21 nodes on the entire multi-level. Therefore , it is the the majority of questioned of the several major public stores in terms of "decentralization".

By a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier designed for hackers to impossible triangle attack 21 nodes as opposed to to attack several thousand nodes in BTC or ETH. For that reason EOS is also your worst of the several in terms of security.

Sooner we analyzed some great benefits of some public restaurants and their performance in the "impossible triangle", which is basically the present-day status of open public chains. But concerning the most promising general public chain technology in recent years, Liberum must be stated.

At present, the basic process of blockchain technology is the development reason of "low-level court chain → solution → project application". Therefore , even simply by 2020, the main place emphasis of the blockchain is still the competition of the hidden public chain assignments. It is obviously supporting the development in the entire blockchain business.

Liberum uses HWD-PoW as the core criteria, while ensuring a decentralization of the general public chain, it always effectively prevents 51% attacks. By breaking up transactions and wise 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 prior times technical barriers, vastly surpassing the same underlying public market available on the market chain.

Facing the impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus tool to try to optimize the total amount between security together with transaction processing accelerate while maintaining a superior degree of decentralization.

We selected three serious Ethereum mainnet circumstances for experiments, plus the results were consistent with the official claims. With the HWD-PoW solution may well indeed increase the strike cost by around 100 times.

Additionally , one of the reasons for this inefficiency of active blockchain solutions is that all nodes must process the same job multiple times. That sharding technology gives more powerful processing potential proportional to the availablility of nodes in the network by sharding your nodes. Through sharding technology and innovative improvements that separate transactions from wise contracts, Liberum's innovative hierarchical group chain system has tremendously improved the overall dealing processing speed. The theory is that, TPS can accomplish tens of many. However , it is appreciated that, because Liberum is still in the beginning of development, to be able to reduce development difficulty and reduce waste products of resources, a core team now has some limitations. Liberum's transaction processing speed is for the moment stable at around 20, 000 TPS. But even so, that ultra-high TPS offers thrown EOS, ETH and BTC far away.

According to the overall examination, Liberum has an unequalled high speed in the overall transaction digesting speed of the active public chain on the market, while its completely unique HWD-PoW innovative total mechanism maintains a healthy degree of decentralization while successfully attacking the attacker to increase spend. The cost of assaults and 51% episodes has also risen to somewhat of a level that shouldn't be surpassed by other public chains. It can be no wonder that will after the new involving Liberum mainnet can launch soon arrived on the scene recently, there are many concept enthusiasts on the market exactly who highly respect this particular underlying public cycle that broke a "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 [...]