Precisely what is the "impossible triangle"?
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What’s the "impossible triangle"?
The so-called "impossible triangle" means that with the blockchain public stringed, it is difficult to quickly attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction processing performance" is often referred to as TPS (Transactions Producing Per Second).
imposible triangle Actually , the "impossible triangle" is not a arduous conclusion. It is just a brief summary of the actual functioning status of each open chain in the industry. That is to say, it is not necessarily of the fact that public chain can not do well in the some aspects of "decentralization", "security" and "transaction processing performance", but it haven't done well within these three elements at the moment.
Public string. How is various public chains?
At present, the most famous public chain projects are BTC, ETH, together with EOS.
First of all, today i want to study the Bitcoin - BTC.
BTC uses a consensus resource based on Proof of Job (POW). In the start of BTC advancement, an ordinary computer may participate in mining. Nevertheless later, with the skyrocketing currency price, mining became profitable, thus graphics card exploration appeared, and after ASIC mining models with stronger precessing power appeared, and eventually unified the canals and lakes. That mining of usual computers and artwork cards is completely historical past. At present, the construction and production involving ASIC mining devices are almost monopolized by Bitmain, along with the computing power with BTC's entire multi-level is almost monopolized by several large exploration pools. Therefore , your "decentralization" of BTC seems to be inaccurate eventually people.
In terms of "transaction processing performance", BTC's TPS is only concerning 7 transactions a second, which is altogether unsuitable for daily high-frequency and small-value transfers. It is this low transaction results that has caused your BTC community to get divided over the long run development of BTC. This disagreement hasn't been properly settled, finally leading to a hard derive of BTC make the most 2017.
In terms of security, compared with several other open chains, BTC 's still the best. On the one hand, the precessing power of the over-all network is continuously improved with the improvement of the ASIC mining machine itself, in addition to on the other hand, new mining machines are always added to continue to enhance the computing power for the entire network. Consistent with estimates, the current value of attacking BTC is the highest off POW public stores.
Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus infinite triangle tool based on proof of work. But it can even now use graphics credit card mining, so the condition of computing potential monopoly is not like serious as that will of BTC. In addition , the recent general overall shift to POS consensus to resolve the problem of scheming power monopoly, it is therefore better than BTC in terms of 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 nervous, was born.
In terms of reliability, ETH is following only to BTC.
You should take a look at EOS who was so much expected. The moment EOS first came out, TPS was the country's biggest selling point. The truth is, the EOS within 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 highest possible 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 offers only 21 nodes on the entire mobile phone network. Therefore , it is the the majority of questioned of the a few major public necklaces in terms of "decentralization".
From your security perspective, since EOS has solely 21 nodes with the entire network, it is relatively easier to get hackers to the impossible triangle attack 21 nodes compared to to attack 1000s of nodes in BTC or ETH. For that reason EOS is also that worst of the two in terms of security.
Sooner we analyzed the use of some public restaurants and their capabilities in the "impossible triangle", which is basically the up-to-date status of open public chains. But when it comes to the most promising court chain technology nowadays, Liberum must be outlined.
At present, the basic standard of blockchain concept is the development common sense of "low-level open public chain → method → project application". Therefore , even by 2020, the main place emphasis of the blockchain continues to the competition of the base public chain projects. It is obviously marketing the development with the entire blockchain marketplace.
Liberum uses HWD-PoW as the core formula, while ensuring a decentralization of the public chain, it nevertheless effectively prevents 51% attacks. By breaking up transactions and shrewd contracts and creating a fixed block age group algorithm, the prohibit production speed, results rate, latency, server cost, and scalability cost of the Liberum main network possess all broken the past technical barriers, greatly surpassing the same underlying public market available chain.
Facing that impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the total amount between security along with transaction processing tempo while maintaining a healthy degree of decentralization.
Most people selected three realistic Ethereum mainnet circumstances for experiments, and also the results were in keeping with the official claims. With the HWD-PoW solution can 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 mission multiple times. Your sharding technology supplies more powerful processing strength proportional to the wide variety of nodes in the multi-level by sharding the nodes. Through sharding technology and excellent improvements that standalone transactions from good contracts, Liberum's innovative hierarchical group chain system has tremendously improved the overall dealing processing speed. The theory is that, TPS can accomplish tens of many. However , it is known that, because Liberum is still in the beginning of development, so as to reduce development burden and reduce waste of resources, this core team at present has some limits. Liberum's transaction producing speed is for the short term stable at all over 20, 000 TPS. But even so, this ultra-high TPS comes with thrown EOS, ETH and BTC far off.
According to the overall analysis, Liberum has an unrivaled high speed with the overall transaction handling speed of the current public chain available, while its distinctive HWD-PoW innovative opinion mechanism maintains a high degree of decentralization even though successfully attacking that attacker to 2 bottle spend. The cost of episodes and 51% episodes has also risen to the level that shouldn't be surpassed by other public chains. It is no wonder that will after the new with Liberum mainnet can launch soon released recently, there are many solutions enthusiasts on the market that highly respect this approach underlying public string that broke that "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 [...]