What exactly the "impossible triangle"?

What’s the "impossible triangle"?

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

penrose triangle meaning Actually , the "impossible triangle" is not a difficult conclusion. It is just a brief summary of the actual using status of each court chain in the industry. Frankly, it is not necessarily that the public chain is unable to do well in the three aspects of "decentralization", "security" and "transaction processing performance", but it haven't done well in these three areas at the moment.

Public string. How is many other public chains?

Right now, the most famous open public chain projects tend to be BTC, ETH, along with EOS.

First of all, shall we study the Bitcoin - BTC.

BTC uses a consensus tool based on Proof of Operate (POW). In the early days of BTC advancement, an ordinary computer could participate in mining. But later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and afterwards ASIC mining units with stronger scheming power appeared, subsequently unified the waters and lakes. This mining of normal computers and artwork cards is completely history. At present, the output and production associated with ASIC mining machines are almost monopolized by Bitmain, and also the computing power of BTC's entire multi-level is almost monopolized by several large mining pools. Therefore , your "decentralization" of BTC seems to be inaccurate eventually people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions a second, which is entirely unsuitable for on a daily basis high-frequency and small-value transfers. It is this low transaction effectiveness that has caused this BTC community to be divided over the long term development of BTC. This disagreement were properly settled, subsequently leading to a hard fork of BTC money in 2017.

In terms of safety measures, compared with several other court chains, BTC 's still the best. On the a hand, the computer power of the over-all network is constantly improved with the bringing up-to-date of the ASIC mining machine itself, in addition to on the other hand, new exploration machines are constantly added to continue to boost the computing power within the entire network. According to estimates, the current cost of attacking BTC is the highest of POW public organizations.

Next, we clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus penrose triangle meaning process based on proof of succeed. But it can nonetheless use graphics greeting card mining, so the position of computing strength monopoly is not for the reason that serious as that will of BTC. In addition , the recent over-all overall shift to be able to POS consensus to fix the problem of computing power monopoly, so it's better than BTC when it comes to decentralization.

ETH has a slightly higher TPS than BTC, however , because ETH is often a smart contract base, its application eventualities are more complex along with congestion is very likely to occur than BTC. As a result, the performance issues that ETH has exploded have received much more attention. Because of this, EOS, which was later really anticipated and worried, was born.

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

Shall we take a look at EOS that's so much expected. When EOS first released, TPS was its biggest selling point. Frankly, the EOS for the once-proclaimed million-level TPS has long seeing that changed, because in fact , the TPS of EOS is only a couple hundred. But this particular does not prevent the application from ranking optimum in terms of transaction handling speed of the several major public organizations.

However , in order to achieve a really TPS, EOS provides made huge surrender in the degree of decentralization. Compared to the 10, 000 nodes on the over-all network of BTC and ETH, it's only 21 nodes on the entire system. Therefore , it is the a large number of questioned of the some major public organizations in terms of "decentralization".

By a security perspective, simply because EOS has just 21 nodes inside the entire network, it truly is relatively easier designed for hackers to infinite triangle attack 21 nodes as opposed to to attack countless nodes in BTC or ETH. Consequently , EOS is also this worst of the a few in terms of security.

Quicker we analyzed the advantages of some public necklaces and their effectiveness in the "impossible triangle", which is basically the ongoing status of open chains. But in the case of the most promising general public chain technology in recent years, Liberum must be referred to.

At present, the basic theory of blockchain technological know-how is the development common sense of "low-level open public chain → answer → project application". Therefore , even as a result of 2020, the main center of the blockchain is the competition of the fundamental public chain projects. It is obviously promoting the development within the entire blockchain marketplace.

Liberum uses HWD-PoW as the core algorithm, while ensuring that decentralization of the public chain, it nonetheless effectively prevents 51% attacks. By divorce transactions and shrewd contracts and constructing a fixed block generation algorithm, the block production speed, achievements rate, latency, server cost, and scalability cost of the Liberum main network need all broken days gone by technical barriers, tremendously surpassing the same underlying public market that you can buy chain.

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

Most people selected three realistic Ethereum mainnet conditions for experiments, and the results were in keeping with the official claims. With the HWD-PoW solution may well indeed increase the strike cost by above 100 times.

Additionally , one of the reasons for this inefficiency of active blockchain solutions can be that all nodes need to process the same job multiple times. That sharding technology gives you more powerful processing strength proportional to the availablility of nodes in the system by sharding a nodes. Through sharding technology and innovative improvements that separate transactions from wise contracts, Liberum's leading-edge hierarchical group company system has greatly improved the overall business deal processing speed. The theory is that, TPS can arrive at tens of scores. However , it is fully understood that, because Liberum is still in the early stages of development, to be able to reduce development stress and reduce fritter away of resources, a core team at present has some restrictions. Liberum's transaction digesting speed is for the moment stable at approximately 20, 000 TPS. But even so, that ultra-high TPS comes with thrown EOS, ETH and BTC distant.

According to the overall test, Liberum has an unparalleled high speed in the overall transaction processing speed of the active public chain that you can buy, while its different HWD-PoW innovative total mechanism maintains increased degree of decentralization while successfully attacking your attacker to increase spend. The cost of attacks and 51% episodes has also risen for a level that cannot be surpassed by various public chains. It can be no wonder of which after the new of Liberum mainnet can launch soon ended up recently, there are many concept enthusiasts on the market that highly respect this underlying public company 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 [...]

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