What’s the "impossible triangle"?

What is the "impossible triangle"?

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

the impossible triangle Actually , the "impossible triangle" is not a thorough conclusion. It is just a summing up of the actual functioning status of each court chain in the industry. That is to say, it is not necessarily that public chain is unable to do well in the three aspects of "decentralization", "security" and "transaction processing performance", but it hasn't done well inside these three areas at the moment.

Public company. How is many other public chains?

At the present time, the most famous public chain projects tend to be BTC, ETH, in addition to EOS.

First of all, today i want to study the Bitcoin - BTC.

BTC uses a consensus process based on Proof of Work (POW). In the birth of BTC progress, an ordinary computer could participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, which means graphics card mining appeared, and after ASIC mining devices with stronger precessing power appeared, and at last unified the rivers 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 concerning 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 to be divided over the forthcoming development of BTC. This disagreement were properly settled, in due course leading to a hard shell of BTC cash in 2017.

In terms of safety measures, compared with several other court chains, BTC 's still the best. On the a hand, the precessing power of the general network is consistently improved with the upgrading of the ASIC exploration machine itself, and on the other hand, new exploration machines are consistently added to continue to boost the computing power for the entire network. As reported by estimates, the current value of attacking BTC is the highest of POW public organizations.

Next, we express 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 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 computer power monopoly, therefore it is better than BTC in the case of decentralization.

ETH contains a slightly higher TPS than BTC, however , because ETH is mostly a smart contract platform, its application eventualities are more complex together with congestion is almost certainly going to occur than BTC. As a result, the functioning issues that ETH has exploded have received much more attention. Because of this, EOS, which was later extremely anticipated and uneasy, was born.

In terms of protection, ETH is following only to BTC.

We should take a look at EOS that had been so much expected. When EOS first released, TPS was the country's biggest selling point. Really, the EOS for the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS involving EOS is only some hundred. But this particular does not prevent the idea from ranking maximum in terms of transaction producing speed of the some major public chains.

However , in order to achieve a really TPS, EOS comes with made huge surrender in the degree of decentralization. Compared to the 10, 000 nodes on the whole 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".

With a security perspective, since EOS has just 21 nodes inside entire network, it can be relatively easier with regard to hackers to the impossible triangle breach 21 nodes as compared to to attack 1000s of nodes in BTC or ETH. Therefore , EOS is also a worst of the two in terms of security.

Early we analyzed the benefits of some public organizations and their effectiveness in the "impossible triangle", which is basically the current status of open chains. But in the case of the most promising general public chain technology in recent years, Liberum must be stated.

At present, the basic theory of blockchain technological know-how is the development judgement of "low-level open public chain → answer → project application". Therefore , even by way of 2020, the main place emphasis of the blockchain is still the competition of the hidden public chain assignments. It is obviously advertising the development for the entire blockchain sector.

Liberum uses HWD-PoW as the core formula, while ensuring that decentralization of the open public chain, it still effectively prevents 51% attacks. By isolating transactions and smart contracts and constructing a fixed block generation algorithm, the filter production speed, results rate, latency, server cost, and scalability cost of the Liberum main network get all broken the last technical barriers, greatly surpassing the same fundamental public market that you can buy chain.

Facing the 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, and the results were in keeping 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 existing 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 network by sharding the nodes. Through sharding technology and revolutionary improvements that distinguish transactions from good contracts, Liberum's leading-edge hierarchical group company system has considerably improved the overall dealing processing speed. In theory, TPS can get through to tens of a huge number. However , it is appreciated that, because Liberum is still in the first stages of development, in order to reduce development burden and reduce squander of resources, that core team at present has some limitations. Liberum's transaction digesting speed is temporarily stable at all over 20, 000 TPS. But even so, the following ultra-high TPS has got thrown EOS, ETH and BTC far off.

According to the overall test, Liberum has an unmatched 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 your attacker to double spend. The cost of assaults and 51% disorders has also risen for a level that can not be surpassed by other public chains. It happens to be no wonder that after the new involving Liberum mainnet could launch soon came out recently, there are many solutions enthusiasts on the market exactly who highly respect this underlying public stringed that broke this "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 [...]

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