What exactly is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

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

infinite triangle Actually the "impossible triangle" is not a strenuous conclusion. It is just a summary of the actual using status of each general public chain in the industry. Frankly, it is not necessarily that the public chain can't do well in the two aspects of "decentralization", "security" and "transaction finalizing performance", but it haven't done well inside these three elements at the moment.

Public cycle. How is many other public chains?

Nowadays, the most famous general public chain projects can be BTC, ETH, and EOS.

First of all, today i want to study the Bitcoin - BTC.

BTC uses a consensus tool based on Proof of Work (POW). In the conception of BTC improvement, an ordinary computer might participate in mining. But later, with the skyrocketing currency price, mining became profitable, which means that graphics card mining appeared, and in the future ASIC mining units with stronger research power appeared, subsequently unified the rivers and lakes. The mining of ordinary computers and graphics cards is completely historical past. At present, the output and production from ASIC mining units are almost monopolized by Bitmain, plus the computing power involving BTC's entire mobile phone network is almost monopolized as a result of several large mining pools. Therefore , a "decentralization" of BTC seems to be inaccurate a lot of people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions each and every second, which is entirely unsuitable for day to day high-frequency and small-value transfers. It is the following low transaction capabilities that has caused the BTC community to remain divided over the long run development of BTC. This disagreement isn't properly settled, eventually leading to a hard hand of BTC money in 2017.

In terms of reliability, compared with several other public chains, BTC holds the best. On the a particular hand, the research power of the whole network is consistently improved with the bringing up-to-date of the ASIC mining machine itself, together with 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 at all POW public chains.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus infinite triangle tool based on proof of work. But it can even now use graphics card mining, so the situation of computing electricity monopoly is not like serious as that of BTC. In addition , the recent entire overall shift to be able to POS consensus to solve the problem of computer power monopoly, it is therefore better than BTC when it comes to decentralization.

ETH contains a slightly higher TPS than BTC, although because ETH can be described as smart contract software, its application scenarios are more complex and congestion is very likely to occur than BTC. As a result, the functioning issues that ETH offers exploded have received a lot more attention. Because of this, EOS, which was later remarkably anticipated and troubled, was born.

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

You should take a look at EOS which has been so much expected. The moment EOS first became available, TPS was the country's biggest selling point. Frankly, the EOS for the once-proclaimed million-level TPS has long seeing that changed, because actually , the TPS with EOS is only several hundred. But this does not prevent this from ranking top in terms of transaction producing speed of the several major public restaurants.

However , in order to achieve such a TPS, EOS has got made huge eschew 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 mobile phone network. Therefore , it is the the majority of questioned of the a few major public chains in terms of "decentralization".

By a security perspective, since EOS has only 21 nodes within the entire network, it can be relatively easier designed for hackers to penrose triangle meaning breach 21 nodes as opposed to to attack tens of thousands of nodes in BTC or ETH. Consequently , EOS is also your worst of the three in terms of security.

Early we analyzed some great benefits of some public necklaces and their effectiveness in the "impossible triangle", which is basically the active status of public chains. But in the case of the most promising public chain technology massive, Liberum must be stated.

At present, the basic principle of blockchain solutions is the development judgement of "low-level public chain → alternative → project application". Therefore , even simply by 2020, the main focus of the blockchain holds the competition of the root public chain initiatives. It is obviously supporting the development of the entire blockchain sector.

Liberum uses HWD-PoW as the core criteria, while ensuring your decentralization of the open public chain, it always effectively prevents 51% attacks. By separating transactions and smart contracts and coming up with a fixed block age group algorithm, the filter production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network have got all broken the last technical barriers, tremendously surpassing the same base public market on the market chain.

Facing the impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus mechanism to try to optimize the total amount between security along with transaction processing acceleration while maintaining a superior degree of decentralization.

Most people selected three substantial Ethereum mainnet circumstances for experiments, along with the results were in keeping with the official claims. Using the HWD-PoW solution will indeed increase the harm cost by around 100 times.

In addition , one of the reasons for a inefficiency of old blockchain solutions is actually that all nodes ought to process the same task multiple times. Your sharding technology supplies more powerful processing power proportional to the variety of nodes in the multilevel by sharding the nodes. Through sharding technology and revolutionary improvements that split transactions from smart contracts, Liberum's leading-edge hierarchical group stringed system has vastly improved the overall business deal processing speed. The theory is that, TPS can reach tens of millions. However , it is grasped that, because Liberum is still in the early stages of development, so that they can reduce development pressure and reduce fritter away of resources, the core team right now has some constraints. Liberum's transaction digesting speed is for the time being stable at available 20, 000 TPS. But even so, this approach ultra-high TPS has got thrown EOS, ETH and BTC distant.

According to the overall exploration, Liberum has an unparalleled high speed inside overall transaction finalizing speed of the present-day public chain on the market, while its distinctive HWD-PoW innovative general opinion mechanism maintains a healthy degree of decentralization while successfully attacking that attacker to 2 bottle spend. The cost of assaults and 51% episodes has also risen to the level that cannot be surpassed by other public chains. It can be no wonder that will after the new involving Liberum mainnet can launch soon arrived on the scene recently, there are many know-how enthusiasts on the market exactly who highly respect this particular underlying public cycle that broke a "processing speed-security-centralization" not possible 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 [...]