What exactly the "impossible triangle"?

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What exactly 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. inches The "transaction processing performance" is often called TPS (Transactions Handling Per Second).

imposible triangle In fact , the "impossible triangle" is not a thorough conclusion. It is just a summary of the actual using status of each public chain in the industry. Frankly, it is not necessarily that this public chain simply cannot do well in the several aspects of "decentralization", "security" and "transaction digesting performance", but it has never done well inside these three attributes at the moment.

Public string. How is some other public chains?

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

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

BTC uses a consensus resource based on Proof of Work (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 at last unified the rivers and lakes. Your mining of ordinary computers and layouts cards is completely history. At present, the producing and production of ASIC mining units are almost monopolized by Bitmain, as well as the computing power with BTC's entire mobile phone network is almost monopolized by several large mining pools. Therefore , your "decentralization" of BTC seems to be inaccurate to numerous people.

In terms of "transaction processing performance", BTC's TPS is only approximately 7 transactions each and every second, which is completely unsuitable for on a daily basis high-frequency and small-value transfers. It is this approach low transaction effectiveness that has caused your BTC community to remain divided over the long run development of BTC. This disagreement has not been properly settled, in due course leading to a hard division of BTC benefit 2017.

In terms of reliability, compared with several other open chains, BTC is still the best. On the an individual hand, the computer power of the comprehensive network is regularly improved with the improvement of the ASIC exploration machine itself, and additionally 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 clarify blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus impossible triangle resource based on proof of get the job done. But it can even now use graphics business card mining, so the circumstances of computing electrical power monopoly is not since serious as that of BTC. Additionally , the recent general overall shift to help you POS consensus to solve the problem of precessing power monopoly, so it's better than BTC concerning decentralization.

ETH has a slightly higher TPS than BTC, nonetheless because ETH is mostly a smart contract software, its application circumstances are more complex together with congestion is more likely to occur than BTC. As a result, the functioning issues that ETH comes with exploded have received far more attention. Because of this, EOS, which was later very anticipated and concerned, was born.

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

We should take a look at EOS that had been so much expected. When EOS first arrived on the scene, TPS was its biggest selling point. The fact remains, the EOS within the once-proclaimed million-level TPS has long due to the fact changed, because actually the TPS of EOS is only a couple hundred. But this particular does not prevent this from ranking top in terms of transaction producing speed of the several major public restaurants.

However , in order to achieve a really TPS, EOS has made huge forfeit in the degree of decentralization. Compared to the 10, 000 nodes on the whole network of BTC and ETH, it's only 21 nodes on the entire multi-level. Therefore , it is the most questioned of the two major public organizations in terms of "decentralization".

With a security perspective, simply because EOS has simply 21 nodes inside entire network, it truly is relatively easier to get hackers to penrose triangle meaning breach 21 nodes as opposed to to attack countless nodes in BTC or ETH. Therefore , EOS is also your worst of the three in terms of security.

Early we analyzed some great benefits of some public necklaces and their functioning in the "impossible triangle", which is basically the present-day status of general public chains. But on the subject of the most promising general public chain technology usually, Liberum must be outlined.

At present, the basic standard of blockchain technology is the development intuition of "low-level open public chain → solution → project application". Therefore , even as a result of 2020, the main concentrate of the blockchain is still the competition of the fundamental public chain initiatives. It is obviously supporting the development of the entire blockchain sector.

Liberum uses HWD-PoW as the core protocol, while ensuring your decentralization of the open chain, it still effectively prevents 51% attacks. By breaking up transactions and shrewd contracts and creating a fixed block iteration algorithm, the hinder production speed, success rate, latency, server cost, and scalability cost of the Liberum main network have all broken days gone by technical barriers, really surpassing the same root public market available on the market chain.

Facing your impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus tool to try to optimize the total amount between security and additionally transaction processing accelerate while maintaining an increased degree of decentralization.

Everyone selected three substantial Ethereum mainnet circumstances for experiments, along with the results were in keeping with the official claims. With the HWD-PoW solution can indeed increase the harm cost by greater than 100 times.

Additionally , one of the reasons for that inefficiency of existing blockchain solutions can be that all nodes must process the same job multiple times. The sharding technology gives more powerful processing potential proportional to the availablility of nodes in the multi-level by sharding a nodes. Through sharding technology and excellent improvements that standalone transactions from good contracts, Liberum's leading-edge hierarchical group stringed system has vastly improved the overall business deal processing speed. In theory, TPS can get to tens of scores. However , it is grasped that, because Liberum is still in the first stages of development, for you to reduce development demand and reduce throw away of resources, that core team already has some limits. Liberum's transaction producing speed is temporarily stable at all over 20, 000 TPS. But even so, this ultra-high TPS provides thrown EOS, ETH and BTC miles away.

According to the overall test, Liberum has an unmatched high speed inside the overall transaction processing speed of the ongoing public chain that you can buy, while its unique HWD-PoW innovative total mechanism maintains a superior degree of decentralization despite the fact that successfully attacking the attacker to increase spend. The cost of assaults and 51% episodes has also risen to the level that cannot be surpassed by many other public chains. It can be no wonder which after the new associated with Liberum mainnet definitely will launch soon became available recently, there are many technology enthusiasts on the market who highly respect the following underlying public stringed that broke that "processing speed-security-centralization" improbable 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 [...]