Precisely what is the "impossible triangle"?

What is the "impossible triangle"?

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

impossible triangle In fact , the "impossible triangle" is not a rigorous conclusion. It is just a overview of the actual operating status of each public chain in the industry. Frankly, it is not necessarily that your public chain can't do well in the several aspects of "decentralization", "security" and "transaction finalizing performance", but it haven't done well in 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, mining became profitable, thus graphics card mining appeared, and later on ASIC mining units with stronger computing power appeared, and in the end unified the canals and lakes. A mining of usual computers and images cards is completely historical past. At present, the developing and production with ASIC mining models are almost monopolized by Bitmain, and the computing power involving BTC's entire network is almost monopolized just by several large exploration pools. Therefore , a "decentralization" of BTC seems to be inaccurate to a lot 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 a 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 general public chains, BTC 's still the best. On the a hand, the research power of the whole network is consistently improved with the upgrading of the ASIC exploration machine itself, along with on the other hand, new exploration machines are always added to continue to boost the computing power with the entire network. As per estimates, the current expense of attacking BTC is the highest of POW public restaurants.

Next, we demonstrate blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus infinite triangle process based on proof of work. But it can always use graphics greeting card mining, so the circumstances of computing electrical power monopoly is not as serious as this of BTC. In addition , the recent overall overall shift so that you can POS consensus to fix the problem of computing power monopoly, it is therefore better than BTC concerning decentralization.

ETH has a slightly higher TPS than BTC, nonetheless because ETH is mostly a smart contract software, its application circumstances are more complex and congestion is more prone to occur than BTC. As a result, the effectiveness issues that ETH offers exploded have received even more attention. Because of this, EOS, which was later highly anticipated and uneasy, was born.

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

You should take a look at EOS that's so much expected. When ever EOS first came out, TPS was it's biggest selling point. Frankly, the EOS within the once-proclaimed million-level TPS has long considering changed, because actually , the TPS associated with EOS is only a couple hundred. But the following does not prevent that from ranking top in terms of transaction handling speed of the three major public restaurants.

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 whole network of BTC and ETH, it offers only 21 nodes on the entire network. Therefore , it is the the majority questioned of the a few major public restaurants in terms of "decentralization".

With a security perspective, considering EOS has sole 21 nodes with the entire network, it's relatively easier meant for hackers to the impossible triangle strike 21 nodes when compared to to attack tens of thousands of nodes in BTC or ETH. Therefore , EOS is also the worst of the some 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 court chain technology lately, 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 projects. It is obviously promoting the development for the entire blockchain sector.

Liberum uses HWD-PoW as the core formula, while ensuring this decentralization of the public chain, it nonetheless effectively prevents 51% attacks. By breaking up transactions and good contracts and constructing a fixed block generation algorithm, the prohibit production speed, achievements rate, latency, server cost, and scalability cost of the Liberum main network have all broken the last technical barriers, really surpassing the same base public market available to buy chain.

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

People selected three substantial Ethereum mainnet scenarios for experiments, and also the results were per the official claims. Using the HWD-PoW solution are able to indeed increase the infiltration cost by greater than 100 times.

Additionally , one of the reasons for the inefficiency of already present blockchain solutions is normally that all nodes have to process the same mission multiple times. A sharding technology provides more powerful processing power proportional to the availablility of nodes in the multilevel by sharding this nodes. Through sharding technology and excellent improvements that split transactions from shrewd contracts, Liberum's innovative hierarchical group company system has really improved the overall transaction processing speed. The theory is that, TPS can get to tens of hundreds of thousands. 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 limitations. Liberum's transaction finalizing speed is temporarily stable at all over 20, 000 TPS. But even so, that ultra-high TPS comes with thrown EOS, ETH and BTC miles away.

According to the overall examination, Liberum has an unequalled high speed with the overall transaction processing speed of the active public chain available, while its specific HWD-PoW innovative consensus mechanism maintains an increased degree of decentralization while 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 this after the new from Liberum mainnet might launch soon arrived on the scene recently, there are many technology enthusiasts on the market that highly respect this approach 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 [...]