What exactly is the "impossible triangle"?

What exactly the "impossible triangle"?

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

imposible triangle Actually the "impossible triangle" is not a difficult conclusion. It is just a brief summary of the actual functioning status of each general public chain in the industry. That is to say, it is not necessarily that this public chain simply cannot do well in the two aspects of "decentralization", "security" and "transaction handling performance", but it has not done well with these three elements at the moment.

Public cycle. How is some other public chains?

At the present time, the most famous court chain projects usually are BTC, ETH, and additionally EOS.

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

BTC uses a consensus instrument based on Proof of Operate (POW). In the start of BTC enhancement, an ordinary computer could participate in mining. But later, with the skyrocketing currency price, mining became profitable, which means graphics card mining appeared, and later ASIC mining machines with stronger scheming power appeared, subsequently unified the waters and lakes. That mining of ordinary computers and graphics cards is completely story. At present, the producing and production associated with ASIC mining machines are almost monopolized by Bitmain, plus the computing power from BTC's entire multi-level is almost monopolized simply by several large mining pools. Therefore , this "decentralization" of BTC seems to be inaccurate eventually people.

In terms of "transaction processing performance", BTC's TPS is only around 7 transactions a second, which is altogether unsuitable for day by day high-frequency and small-value transfers. It is this low transaction capabilities that has caused this BTC community to remain divided over the long run development of BTC. This disagreement has not been properly settled, ultimately leading to a hard derive of BTC benefit 2017.

In terms of reliability, compared with several other public chains, BTC holds the best. On the a particular hand, the scheming power of the whole network is always improved with the bringing up-to-date of the ASIC exploration machine itself, along with on the other hand, new exploration machines are always added to continue to boost the computing power with the entire network. As per estimates, the current expense of attacking BTC is the highest of POW public organizations.

Next, we demonstrate blockchain 2 . 0 Ethereum - ETH. Although ETH is in addition a consensus penrose triangle meaning resource based on proof of succeed. But it can still use graphics card mining, so the state of affairs of computing potential monopoly is not when serious as that of BTC. Additionally , the recent entire overall shift to POS consensus to unravel the problem of scheming power monopoly, making it better than BTC when it comes to decentralization.

ETH carries a slightly higher TPS than BTC, nevertheless because ETH is often a smart contract principle, its application scenarios are more complex in addition to congestion is apt to occur than BTC. As a result, the results issues that ETH comes with exploded have received far more attention. Because of this, EOS, which was later really anticipated and nervous, was born.

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

Let's take a look at EOS who was so much expected. The moment EOS first ended up, TPS was a 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 that does not prevent the application from ranking highest in terms of transaction digesting speed of the several major public stores.

However , in order to achieve a very TPS, EOS has got made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the comprehensive network of BTC and ETH, there are only 21 nodes on the entire multilevel. Therefore , it is the a lot of questioned of the two major public stores in terms of "decentralization".

By a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier designed for hackers to impossible triangle harm 21 nodes as opposed to to attack several thousand nodes in BTC or ETH. For that reason EOS is also this worst of the several in terms of security.

Sooner we analyzed some great benefits of some public chains and their results in the "impossible triangle", which is basically the active status of court chains. But in regards to the most promising public chain technology usually, Liberum must be referred to.

At present, the basic process of blockchain concept is the development intuition of "low-level general public chain → method → project application". Therefore , even as a result of 2020, the main focus of the blockchain continues to the competition of the fundamental public chain jobs. It is obviously selling the development within the entire blockchain market.

Liberum uses HWD-PoW as the core formula, while ensuring this decentralization of the open chain, it nevertheless effectively prevents 51% attacks. By divorce transactions and clever contracts and creating a fixed block generation algorithm, the filter production speed, success rate, latency, server cost, and scalability cost of the Liberum main network need all broken the last technical barriers, greatly surpassing the same root public market that you can buy chain.

Facing that impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus resource to try to optimize the total amount between security along with transaction processing speed while maintaining an increased degree of decentralization.

Most people selected three actual Ethereum mainnet scenarios for experiments, along with the results were in accordance with the official claims. While using HWD-PoW solution will indeed increase the harm cost by more than 100 times.

Additionally , one of the reasons for a inefficiency of prevailing blockchain solutions is that all nodes need to process the same task multiple times. The sharding technology provides more powerful processing power proportional to the number of nodes in the network by sharding a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from wise contracts, Liberum's leading-edge hierarchical group company system has really improved the overall dealing processing speed. The theory is that, TPS can get to tens of hundreds of thousands. However , it is appreciated that, because Liberum is still in the early stages of development, for you to reduce development burden and reduce squander of resources, the core team already has some polices. 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 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 happens to be no wonder that after the new involving Liberum mainnet could launch soon came out recently, there are many solutions enthusiasts on the market whom highly respect this underlying public stringed that broke this "processing speed-security-centralization" extremely hard 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 [...]