What exactly the "impossible triangle"?

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What’s the "impossible triangle"?

The so-called "impossible triangle" means that with the blockchain public cycle, it is difficult to attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction finalizing performance" is often sometimes referred to as TPS (Transactions Processing Per Second).

penrose triangle meaning Actually the "impossible triangle" is not a rigorous conclusion. It is just a overview of the actual functioning status of each open public chain in the industry. Frankly, it is not necessarily that your public chain simply cannot do well in the three aspects of "decentralization", "security" and "transaction processing performance", but it has not done well in these three attributes at the moment.

Public cycle. How is various public chains?

Right now, 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 process based on Proof of Work (POW). In the beginning of BTC improvement, an ordinary computer may participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and after ASIC mining devices with stronger computing power appeared, subsequently unified the waterways and lakes. The mining of normal computers and artwork cards is completely the past. At present, the construction and production from ASIC mining units are almost monopolized by Bitmain, and the computing power involving BTC's entire network is almost monopolized as a result of several large exploration pools. Therefore , the "decentralization" of BTC seems to be inaccurate eventually people.

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

In terms of protection, compared with several other open public chains, BTC is the best. On the one hand, the computer power of the over-all network is always improved with the bringing up-to-date of the ASIC exploration machine itself, along with on the other hand, new exploration machines are consistently added to continue to increase the computing power within the entire network. According to estimates, the current price of attacking BTC is the highest of all POW public chains.

Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus the impossible triangle process based on proof of succeed. But it can still use graphics card mining, so the state of affairs of computing potential monopoly is not for the reason that serious as which of BTC. In addition , the recent all around overall shift so that you can POS consensus to fix the problem of computing power monopoly, therefore it is better than BTC in the case of decentralization.

ETH carries a slightly higher TPS than BTC, but because ETH is often a smart contract principle, its application scenarios are more complex along with congestion is very likely to occur than BTC. As a result, the performance issues that ETH offers exploded have received even more attention. Because of this, EOS, which was later extremely anticipated and worried, was born.

In terms of reliability, ETH is next only to BTC.

You should take a look at EOS that's so much expected. The moment EOS first ended up, TPS was a biggest selling point. In reality, the EOS with the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS involving EOS is only some hundred. But this does not prevent that 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 made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the comprehensive network of BTC and ETH, it's only 21 nodes on the entire mobile phone network. Therefore , it is the most questioned of the three major public restaurants in terms of "decentralization".

From your security perspective, considering EOS has simply 21 nodes within the entire network, it truly is relatively easier for hackers to infinite triangle strike 21 nodes compared to to attack countless nodes in BTC or ETH. Consequently , EOS is also this worst of the several in terms of security.

Sooner we analyzed some great benefits of some public restaurants and their effectiveness in the "impossible triangle", which is basically the current status of open chains. But in the case of the most promising court chain technology lately, Liberum must be outlined.

At present, the basic rationale of blockchain know-how is the development intuition of "low-level public chain → method → project application". Therefore , even as a result of 2020, the main center of the blockchain is the competition of the root public chain projects. It is obviously advertising the development in the entire blockchain business.

Liberum uses HWD-PoW as the core criteria, while ensuring a decentralization of the court chain, it still effectively prevents 51% attacks. By removing transactions and smart contracts and constructing a fixed block generation algorithm, the filter production speed, success rate, latency, server cost, and scalability cost of the Liberum main network need all broken way back when technical barriers, really surpassing the same hidden public market available chain.

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

People selected three substantial Ethereum mainnet eventualities for experiments, as well as the results were in keeping with the official claims. While using HWD-PoW solution will indeed increase the harm cost by more than 100 times.

In addition , one of the reasons for the inefficiency of existing blockchain solutions is usually that all nodes will need to process the same job multiple times. Your sharding technology can provide more powerful processing strength proportional to the variety of nodes in the system by sharding a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from good contracts, Liberum's leading-edge hierarchical group string system has tremendously improved the overall business deal processing speed. In theory, TPS can reach tens of millions. However , it is fully understood that, because Liberum is still in the initial phases of development, to be able to reduce development demand and reduce waste of resources, that core team currently has some constraints. Liberum's transaction handling speed is for the time being stable at around 20, 000 TPS. But even so, this ultra-high TPS has got thrown EOS, ETH and BTC miles away.

According to the overall analysis, Liberum has an unparalleled high speed in the overall transaction handling speed of the active public chain available on the market, while its distinctive HWD-PoW innovative consensus mechanism maintains a healthy degree of decentralization although successfully attacking the attacker to two-fold spend. The cost of blasts and 51% disorders has also risen to your level that cannot be surpassed by some other public chains. It is no wonder this after the new involving Liberum mainnet definitely will launch soon arrived on the scene recently, there are many technology enthusiasts on the market whom highly respect the following underlying public string that broke this "processing speed-security-centralization" impossible 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 [...]