Precisely what is the "impossible triangle"?

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What is the "impossible triangle"?

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

impossible triangle Actually , the "impossible triangle" is not a rigorous conclusion. It is just a outline of the actual operating status of each public chain in the industry. That is to say, it is not necessarily that this public chain can not do well in the a few aspects of "decentralization", "security" and "transaction finalizing performance", but it has never done well with these three factors at the moment.

Public chain. How is some other public chains?

At present, the most famous general public chain projects can be BTC, ETH, along with EOS.

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

BTC uses a consensus resource based on Proof of Operate (POW). In the birth of BTC development, an ordinary computer may well participate in mining. But later, with the skyrocketing currency price, mining became profitable, so graphics card exploration appeared, and afterwards ASIC mining devices with stronger research power appeared, and in the end unified the waterways and lakes. A mining of standard computers and layouts cards is completely heritage. At present, the producing and production of ASIC mining equipments are almost monopolized by Bitmain, as well as the computing power of BTC's entire multi-level is almost monopolized simply by several large exploration pools. Therefore , the "decentralization" of BTC seems to be inaccurate to numerous people.

In terms of "transaction processing performance", BTC's TPS is only about 7 transactions for each second, which is absolutely unsuitable for day to day high-frequency and small-value transfers. It is this low transaction results that has caused a BTC community to get divided over the long term development of BTC. This disagreement has not been properly settled, subsequently leading to a hard derive of BTC cash in 2017.

In terms of safety measures, compared with several other general public chains, BTC 's still the best. On the 1 hand, the computing power of the whole network is constantly improved with the upgrading of the ASIC exploration machine itself, together with on the other hand, new mining machines are continuously added to continue to boost the computing power for the entire network. Consistent with estimates, the current expense of attacking BTC is the highest of POW public organizations.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus imposible triangle instrument based on proof of get the job done. But it can always use graphics greeting card mining, so the state of affairs of computing power monopoly is not when serious as that will of BTC. In addition , the recent over-all overall shift so that you can POS consensus to unravel the problem of precessing power monopoly, so it is better than BTC when it comes to decentralization.

ETH has a slightly higher TPS than BTC, however , because ETH is often a smart contract principle, its application circumstances are more complex and additionally congestion is more prone to occur than BTC. As a result, the results issues that ETH comes with exploded have received more attention. Because of this, EOS, which was later extremely anticipated and concerned, was born.

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

Today i want to 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 within the once-proclaimed million-level TPS has long considering changed, because in fact , the TPS involving EOS is only a few hundred. But this approach does not prevent this from ranking highest in terms of transaction finalizing speed of the two major public restaurants.

However , in order to achieve a very TPS, EOS provides made huge forfeit in the degree of decentralization. Compared to the 10, 000 nodes on the general network of BTC and ETH, it has only 21 nodes on the entire multi-level. Therefore , it is the most questioned of the three major public restaurants in terms of "decentralization".

With a security perspective, simply because EOS has solely 21 nodes inside the entire network, it's relatively easier meant for hackers to infinite triangle breach 21 nodes than to attack 1000s of nodes in BTC or ETH. For that reason EOS is also your worst of the two in terms of security.

Earlier we analyzed the use of some public necklaces and their capabilities in the "impossible triangle", which is basically the up-to-date status of court chains. But when it comes to the most promising open public chain technology massive, Liberum must be mentioned.

At present, the basic process of blockchain know-how is the development logic of "low-level public chain → choice → project application". Therefore , even just by 2020, the main place emphasis of the blockchain is the competition of the hidden public chain projects. It is obviously advertising the development in the entire blockchain business.

Liberum uses HWD-PoW as the core criteria, while ensuring your decentralization of the general public chain, it nonetheless effectively prevents 51% attacks. By separating transactions and wise contracts and designing a fixed block age group algorithm, the hinder production speed, achievements rate, latency, server cost, and scalability cost of the Liberum main network possess all broken the past technical barriers, considerably surpassing the same base public market available to buy chain.

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

We selected three serious Ethereum mainnet circumstances for experiments, plus the results were consistent with the official claims. With the HWD-PoW solution may well indeed increase the strike cost by above 100 times.

In addition , one of the reasons for this inefficiency of already present blockchain solutions is normally that all nodes must process the same undertaking multiple times. This sharding technology can provide more powerful processing potential proportional to the wide variety of nodes in the mobile phone network by sharding this nodes. Through sharding technology and innovative 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, so that they can reduce development stress and reduce waste of resources, a core team already has some limits. Liberum's transaction processing speed is for the time being stable at approximately 20, 000 TPS. But even so, this ultra-high TPS offers thrown EOS, ETH and BTC a long way away.

According to the overall analysis, Liberum has an unmatched high speed in the overall transaction producing speed of the up-to-date public chain that you can buy, while its completely unique HWD-PoW innovative opinion mechanism maintains increased degree of decentralization despite the fact that successfully attacking that attacker to two-fold spend. The cost of attacks and 51% assaults has also risen to the level that may not be surpassed by various public chains. It truly is no wonder that will after the new associated with Liberum mainnet will launch soon released recently, there are many know-how enthusiasts on the market exactly who highly respect the following underlying public company that broke your "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 [...]

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