What exactly the "impossible triangle"?

Precisely what is the "impossible triangle"?

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

imposible triangle Actually the "impossible triangle" is not a arduous conclusion. It is just a summary of the actual working with status of each open chain in the industry. Frankly, 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 haven't done well with these three aspects at the moment.

Public cycle. How is various public chains?

At the moment, the most famous general public chain projects are BTC, ETH, and EOS.

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

BTC uses a consensus resource based on Proof of Succeed (POW). In the beginning of BTC improvement, an ordinary computer may well participate in mining. However , later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and in the future ASIC mining equipments with stronger scheming power appeared, consequently unified the estuaries and rivers and lakes. That mining of typical computers and artwork cards is completely the past. At present, the construction and production from 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 being divided over the upcoming development of BTC. This disagreement isn't properly settled, eventually leading to a hard hand of BTC money in 2017.

In terms of stability, compared with several other open chains, BTC is the best. On the one hand, the computer power of the comprehensive network is constantly improved with the updating your of the ASIC mining machine itself, and additionally on the other hand, new mining machines are constantly added to continue to enhance the computing power of the entire network. According to estimates, the current value of attacking BTC is the highest at all POW public organizations.

Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is usually a consensus the impossible triangle resource based on proof of succeed. But it can still use graphics credit card mining, so the position of computing electricity monopoly is not since serious as that of BTC. Additionally , the recent over-all overall shift to POS consensus to unravel the problem of scheming power monopoly, making it better than BTC when it comes to decentralization.

ETH provides a slightly higher TPS than BTC, nevertheless 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 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 highest in terms of transaction digesting speed of the several major public stores.

However , in order to achieve a very 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 has only 21 nodes on the entire multi-level. Therefore , it is the the majority questioned of the several major public organizations in terms of "decentralization".

From your security perspective, considering EOS has sole 21 nodes within the entire network, it happens to be relatively easier to get hackers to penrose triangle meaning infiltration 21 nodes compared to to attack countless nodes in BTC or ETH. Consequently , EOS is also that worst of the three in terms of security.

Earlier we analyzed the advantages of some public necklaces and their capabilities in the "impossible triangle", which is basically the ongoing status of general public chains. But in regards to the most promising open chain technology usually, Liberum must be referred to.

At present, the basic principle of blockchain concept is the development intuition of "low-level public chain → choice → project application". Therefore , even as a result of 2020, the main focus of the blockchain continues to the competition of the fundamental public chain jobs. It is obviously selling the development within the entire blockchain market.

Liberum uses HWD-PoW as the core formula, while ensuring that decentralization of the open chain, it nevertheless effectively prevents 51% attacks. By isolating transactions and clever contracts and creating 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, greatly surpassing the same root public market on the market chain.

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

Most people selected three actual Ethereum mainnet scenarios for experiments, and also the results were in step with the official claims. When using the HWD-PoW solution might indeed increase the infiltration cost by greater than 100 times.

Additionally , one of the reasons for a inefficiency of prevailing blockchain solutions can be 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 a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from wise contracts, Liberum's leading-edge hierarchical group company system has considerably improved the overall dealing processing speed. The theory is that, TPS can get through to tens of a huge number. However , it is appreciated that, because Liberum is still in the early stages of development, for you to reduce development burden and reduce squander of resources, the core team at present has some polices. 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 a long way away.

According to the overall analysis, 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 that attacker to two-fold spend. The cost of attacks and 51% assaults has also risen to the level that may not be surpassed by various public chains. It is no wonder that will after the new associated with Liberum mainnet will launch soon released recently, there are many concept enthusiasts on the market who highly respect the following underlying public string that broke your "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 [...]