What exactly is the "impossible triangle"?

Wiki Article

What’s the "impossible triangle"?

The so-called "impossible triangle" means that in the blockchain public string, it is difficult to quickly attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction handling performance" is often termed as TPS (Transactions Handling Per Second).

infinite triangle Actually , the "impossible triangle" is not a arduous conclusion. It is just a summing up of the actual doing work status of each open chain in the industry. Frankly, it is not necessarily that the public chain is unable to do well in the a few aspects of "decentralization", "security" and "transaction processing performance", but it have not done well with these three areas at the moment.

Public stringed. How is many other public chains?

Right now, the most famous general public chain projects can be BTC, ETH, and EOS.

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

BTC uses a consensus tool based on Proof of Get the job done (POW). In the birth of BTC advancement, an ordinary computer may participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, consequently graphics card mining appeared, and after ASIC mining machines with stronger computer power appeared, subsequently unified the rivers and lakes. Your mining of ordinary computers and artwork cards is completely historical past. At present, the output and production of ASIC mining equipments are almost monopolized by Bitmain, along with the computing power of BTC's entire multilevel is almost monopolized as a result of several large exploration pools. Therefore , your "decentralization" of BTC seems to be inaccurate to a lot people.

In terms of "transaction processing performance", BTC's TPS is only approximately 7 transactions for each second, which is entirely unsuitable for day to day high-frequency and small-value transfers. It is this approach low transaction functioning that has caused the BTC community to get divided over the upcoming development of BTC. This disagreement were properly settled, in due course leading to a hard fork of BTC money in 2017.

In terms of reliability, compared with several other open public chains, BTC 's still the best. On the an individual hand, the computing power of the general network is consistently improved with the improvement of the ASIC mining machine itself, in addition to on the other hand, new mining machines are continuously added to continue to increase the computing power with the entire network. As per estimates, the current cost of attacking BTC is the highest of all POW public chains.

Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus penrose triangle meaning resource based on proof of succeed. But it can still use graphics card account mining, so the circumstances of computing strength monopoly is not when serious as that will of BTC. Additionally , the recent all around overall shift to POS consensus to solve the problem of computer power monopoly, therefore it is better than BTC in the case of decentralization.

ETH provides a slightly higher TPS than BTC, however , because ETH is a smart contract stage, its application conditions are more complex along with congestion is apt to occur than BTC. As a result, the effectiveness issues that ETH provides exploded have received even more attention. Because of this, EOS, which was later highly anticipated and worried, was born.

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

We should take a look at EOS who was so much expected. When ever EOS first ended up, TPS was its biggest selling point. In reality, the EOS of the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS of EOS is only some hundred. But this does not prevent the idea from ranking optimum in terms of transaction processing speed of the some major public stores.

However , in order to achieve this TPS, EOS provides made huge eschew 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 multilevel. Therefore , it is the a lot of questioned of the some major public restaurants in terms of "decentralization".

From a security perspective, because EOS has only 21 nodes in the entire network, it is relatively easier to get hackers to the impossible triangle infiltration 21 nodes compared to to attack several thousand nodes in BTC or ETH. Consequently , EOS is also that worst of the a few in terms of security.

Previous we analyzed some great benefits of some public restaurants and their functioning in the "impossible triangle", which is basically the present-day status of open chains. But concerning the most promising open public chain technology usually, Liberum must be talked about.

At present, the basic standard of blockchain solutions is the development reason of "low-level open public chain → answer → project application". Therefore , even as a result of 2020, the main focus of the blockchain is still the competition of the fundamental public chain jobs. It is obviously supporting the development of the entire blockchain industry.

Liberum uses HWD-PoW as the core criteria, while ensuring this decentralization of the open chain, it nonetheless effectively prevents 51% attacks. By breaking up transactions and smart contracts and coming up with a fixed block generation algorithm, the block production speed, success rate, latency, server cost, and scalability cost of the Liberum main network have all broken days gone by technical barriers, vastly surpassing the same hidden public market available to buy chain.

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

We selected three serious Ethereum mainnet examples for experiments, plus the results were in keeping with the official claims. When using the HWD-PoW solution will indeed increase the breach cost by a lot more than 100 times.

In addition , one of the reasons for that inefficiency of already present blockchain solutions can be that all nodes will need to process the same undertaking multiple times. Your sharding technology gives you more powerful processing power proportional to the wide variety of nodes in the multilevel by sharding the nodes. Through sharding technology and ground-breaking improvements that separate transactions from clever contracts, Liberum's sophisticated hierarchical group stringed system has vastly improved the overall exchange processing speed. The theory is that, TPS can get to tens of a huge number. However , it is grasped that, because Liberum is still in the first stages of development, so as to reduce development burden and reduce waste products of resources, a core team already has some limitations. Liberum's transaction producing speed is for the moment stable at available 20, 000 TPS. But even so, the following ultra-high TPS comes with thrown EOS, ETH and BTC far away.

According to the overall analysis, Liberum has an unequalled high speed inside overall transaction processing speed of the current public chain available to buy, while its unique HWD-PoW innovative opinion mechanism maintains a high degree of decentralization although successfully attacking the attacker to 2 bottle spend. The cost of episodes and 51% assaults has also risen to the level that may not be surpassed by various public chains. It can be no wonder of which after the new with Liberum mainnet can launch soon came out recently, there are many technological know-how enthusiasts on the market whom highly respect this underlying public cycle that broke the "processing speed-security-centralization" difficult 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 [...]