What’s the "impossible triangle"?

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What is 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 producing performance" is often termed as TPS (Transactions Digesting 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 public chain in the industry. That is to say, it is not necessarily that the public chain can't do well in the two aspects of "decentralization", "security" and "transaction finalizing performance", but it has never done well with these three aspects 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, you should study the Bitcoin - BTC.

BTC uses a consensus tool based on Proof of Job (POW). In the early days of BTC enhancement, an ordinary computer may participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, which means that graphics card exploration appeared, and in the future ASIC mining equipments with stronger scheming power appeared, and eventually unified the estuaries and rivers and lakes. That mining of normal computers and artwork cards is completely story. At present, the output and production associated with ASIC mining devices are almost monopolized by Bitmain, plus the computing power of BTC's entire mobile phone network is almost monopolized by several large mining pools. Therefore , this "decentralization" of BTC seems to be inaccurate to numerous people.

In terms of "transaction processing performance", BTC's TPS is only approximately 7 transactions each and every second, which is completely unsuitable for on a daily basis high-frequency and small-value transfers. It is this approach 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 public chains, BTC is still the best. On the an individual hand, the scheming power of the over-all network is always improved with the bringing up-to-date of the ASIC exploration machine itself, in addition to on the other hand, new exploration machines are regularly added to continue to boost the computing power with the entire network. As per estimates, the current expense of attacking BTC is the highest off POW public restaurants.

Next, we demonstrate blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus the impossible triangle process based on proof of work. But it can always use graphics credit card mining, so the position of computing electricity monopoly is not since serious as of which of BTC. Additionally , the recent over-all overall shift to be able to POS consensus to eliminate the problem of scheming power monopoly, so it is better than BTC when it comes to decentralization.

ETH carries a slightly higher TPS than BTC, but because ETH is often a smart contract principle, its application scenarios are more complex in addition to 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 troubled, 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 released, TPS was a biggest selling point. In reality, the EOS with the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS with EOS is only one or two hundred. But this particular does not prevent it from ranking optimum in terms of transaction finalizing speed of the some major public necklaces.

However , in order to achieve such a TPS, EOS comes with made huge surrender in the degree of decentralization. Compared to the 10, 000 nodes on the over-all network of BTC and ETH, these have only 21 nodes on the entire system. Therefore , it is the most questioned of the three major public chains in terms of "decentralization".

From a security perspective, since EOS has just 21 nodes with the entire network, it truly is relatively easier for hackers to infinite triangle strike 21 nodes compared to to attack thousands of nodes in BTC or ETH. Therefore , EOS is also the worst of the three in terms of security.

Previous we analyzed the benefits of some public organizations and their functioning in the "impossible triangle", which is basically the ongoing status of court chains. But in regards to the most promising general public chain technology in recent years, Liberum must be mentioned.

At present, the basic rationale of blockchain concept is the development reason of "low-level general public chain → answer → project application". Therefore , even by 2020, the main center of the blockchain 's still the competition of the underlying public chain projects. It is obviously selling the development in the entire blockchain industry.

Liberum uses HWD-PoW as the core protocol, while ensuring the decentralization of the open public chain, it nevertheless effectively prevents 51% attacks. By isolating transactions and clever contracts and creating a fixed block age bracket algorithm, the prohibit production speed, financial success rate, latency, server cost, and scalability cost of the Liberum main network have got all broken the past technical barriers, considerably surpassing the same base public market available to buy chain.

Facing a impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the balance between security along with transaction processing speed while maintaining an increased degree of decentralization.

You selected three real Ethereum mainnet examples for experiments, and also the results were per the official claims. Using the HWD-PoW solution may well indeed increase the strike cost by around 100 times.

Additionally , one of the reasons for your inefficiency of prevailing blockchain solutions can be that all nodes need to process the same process multiple times. That sharding technology gives you more powerful processing electricity proportional to the wide variety of nodes in the mobile phone network by sharding a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from good contracts, Liberum's highly developed hierarchical group cycle system has tremendously improved the overall deal processing speed. Theoretically, TPS can arrive at tens of scores. However , it is known that, because Liberum is still in the beginning of development, for you to reduce development burden and reduce squander of resources, that core team at present has some limitations. Liberum's transaction finalizing speed is for the short term stable at round 20, 000 TPS. But even so, this approach ultra-high TPS has thrown EOS, ETH and BTC miles away.

According to the overall study, Liberum has an unmatched high speed inside overall transaction processing speed of the present-day public chain available on the market, while its distinctive HWD-PoW innovative opinion mechanism maintains a superior degree of decentralization even though successfully attacking your attacker to increase spend. The cost of episodes and 51% blasts has also risen to somewhat of a level that cannot be surpassed by some other public chains. It happens to be no wonder that will after the new associated with Liberum mainnet will launch soon released recently, there are many concept enthusiasts on the market that highly respect this particular underlying public company that broke that "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 [...]