Precisely what is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

The so-called "impossible triangle" means that inside 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 Digesting Per Second).

imposible triangle Actually the "impossible triangle" is not a difficult conclusion. It is just a brief summary of the actual working with status of each open public chain in the industry. In other words, it is not necessarily that this public chain can not do well in the a few aspects of "decentralization", "security" and "transaction digesting performance", but it has not 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, along with 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 advancement, an ordinary computer could participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, thus graphics card mining appeared, and later on ASIC mining devices with stronger precessing power appeared, and in the end 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 for second, which is altogether unsuitable for day-to-day high-frequency and small-value transfers. It is this particular low transaction performance that has caused that BTC community being divided over the long term development of BTC. This disagreement was not properly settled, subsequently leading to a hard division 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 regularly 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 cost of attacking BTC is the highest of all POW public chains.

Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus imposible triangle instrument based on proof of operate. But it can even now use graphics card account mining, so the situation of computing strength monopoly is not for the reason that serious as which of BTC. Additionally , the recent general overall shift to help you POS consensus to solve the problem of precessing power monopoly, so it's better than BTC with regard to decentralization.

ETH incorporates a slightly higher TPS than BTC, although because ETH is a smart contract base, its application examples are more complex along with congestion is very likely to occur than BTC. As a result, the performance issues that ETH provides exploded have received more attention. Because of this, EOS, which was later very anticipated and troubled, was born.

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

We should take a look at EOS that had been 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 approach does not prevent this from ranking optimum in terms of transaction finalizing speed of the two major public necklaces.

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's only 21 nodes on the entire multilevel. Therefore , it is the a lot of questioned of the two major public stores in terms of "decentralization".

On a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier designed for hackers to impossible triangle harm 21 nodes as opposed to to attack several thousand nodes in BTC or ETH. Consequently , EOS is also this worst of the a few in terms of security.

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

At present, the basic principle of blockchain know-how is the development intuition of "low-level public chain → choice → project application". Therefore , even just by 2020, the main concentration of the blockchain 's still the competition of the underlying public chain initiatives. It is obviously promoting the development for the entire blockchain sector.

Liberum uses HWD-PoW as the core protocol, while ensuring the decentralization of the court chain, it still effectively prevents 51% attacks. By removing transactions and good contracts and constructing a fixed block iteration algorithm, the stop production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network have all broken prior times technical barriers, vastly surpassing the same underlying public market available on the market chain.

Facing a impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the balance between security in addition to transaction processing tempo while maintaining a high degree of decentralization.

People selected three substantial Ethereum mainnet eventualities for experiments, as well as the results were consistent with the official claims. With the HWD-PoW solution are able to indeed increase the strike cost by around 100 times.

Additionally , one of the reasons for this inefficiency of old blockchain solutions is normally that all nodes must process the same undertaking multiple times. Your sharding technology can provide more powerful processing potential proportional to the wide variety of nodes in the mobile phone network by sharding your nodes. Through sharding technology and excellent improvements that split transactions from clever contracts, Liberum's sophisticated hierarchical group chain system has greatly improved the overall exchange processing speed. Theoretically, TPS can arrive at tens of scores. However , it is understood that, because Liberum is still in the beginning of development, to be able to reduce development demand and reduce waste of resources, your core team now has some restrictions. Liberum's transaction producing speed is for the moment stable at around 20, 000 TPS. But even so, this particular ultra-high TPS comes with thrown EOS, ETH and BTC far away.

According to the overall exploration, Liberum has an unparalleled high speed within the overall transaction digesting speed of the active public chain available, while its specific HWD-PoW innovative complete mechanism maintains a superior degree of decentralization even though successfully attacking this attacker to twice spend. The cost of blasts and 51% episodes has also risen to a level that should not be surpassed by additional public chains. It can be no wonder which after the new from Liberum mainnet will launch soon released recently, there are many concept enthusiasts on the market who highly respect that underlying public string that broke a "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 [...]