Precisely what is the "impossible triangle"?
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Precisely what is the "impossible triangle"?
The so-called "impossible triangle" means that within the blockchain public string, it is difficult to attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction producing performance" is often referred to as TPS (Transactions Processing 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 open 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 Get the job done (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 after ASIC mining devices with stronger precessing power appeared, and in the end unified the rivers and lakes. Your mining of usual computers and layouts cards is completely historical past. At present, the producing and production of ASIC mining models are almost monopolized by Bitmain, and the computing power involving BTC's entire system 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 around 7 transactions for second, which is altogether unsuitable for day by day high-frequency and small-value transfers. It is this particular low transaction effectiveness that has caused this BTC community to become divided over the long term development of BTC. This disagreement was not properly settled, subsequently leading to a hard division of BTC benefit 2017.
In terms of reliability, compared with several other public chains, BTC is still the best. On the an individual hand, the scheming power of the over-all network is regularly improved with the improvement of the ASIC exploration machine itself, in addition to on the other hand, new mining machines are regularly added to continue to improve the computing power in the entire network. Consistent with estimates, the current charge of attacking BTC is the highest off POW public restaurants.
Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus infinite triangle mechanism based on proof of get the job done. But it can nonetheless 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 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 can be described as smart contract platform, its application conditions are more complex and additionally congestion is more likely to occur than BTC. As a result, the capabilities issues that ETH has exploded have received a lot 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. The moment EOS first came out, TPS was her biggest selling point. The truth is, the EOS in the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS of EOS is only several hundred. But this approach does not prevent this from ranking highest in terms of transaction finalizing speed of the two major public necklaces.
However , in order to achieve such a TPS, EOS has 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 mobile phone network. Therefore , it is the a large number of questioned of the some major public chains in terms of "decentralization".
From 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 strike 21 nodes as 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.
Quicker we analyzed the use of some public stores and their functioning in the "impossible triangle", which is basically the up-to-date status of public chains. But on the subject of the most promising open public chain technology massive, Liberum must be outlined.
At present, the basic rationale of blockchain know-how is the development common sense of "low-level open chain → alternative → 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 marketing 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 nevertheless effectively prevents 51% attacks. By isolating transactions and smart contracts and creating 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 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 along with transaction processing pace while maintaining an increased degree of decentralization.
Most people selected three actual Ethereum mainnet examples for experiments, and also the results were in step with the official claims. When using the HWD-PoW solution will indeed increase the attack cost by a lot more than 100 times.
In addition , one of the reasons for the inefficiency of active blockchain solutions is usually that all nodes ought to process the same job multiple times. This sharding technology gives you more powerful processing electricity proportional to the availablility of nodes in the multilevel by sharding this nodes. Through sharding technology and innovative improvements that standalone transactions from clever contracts, Liberum's advanced hierarchical group chain system has vastly improved the overall exchange processing speed. Theoretically, TPS can accomplish 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 right now has some restrictions. Liberum's transaction handling speed is momentarily stable at available 20, 000 TPS. But even so, this particular ultra-high TPS offers thrown EOS, ETH and BTC distant.
According to the overall study, Liberum has an unrivaled high speed inside the overall transaction finalizing speed of the current public chain available on the market, while its completely unique HWD-PoW innovative general opinion mechanism maintains increased degree of decentralization whereas successfully attacking the attacker to 2 bottle spend. The cost of disorders and 51% blasts has also risen to somewhat of a level that cannot be surpassed by some other public chains. It truly is no wonder that will after the new associated with Liberum mainnet will launch soon ended up recently, there are many know-how enthusiasts on the market who highly respect the following 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 [...]