Precisely what is the "impossible triangle"?

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What’s the "impossible triangle"?

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

the impossible triangle Actually , the "impossible triangle" is not a strenuous conclusion. It is just a summing up of the actual functioning status of each court chain in the industry. That is to say, it is not necessarily that public chain cannot do well in the three aspects of "decentralization", "security" and "transaction handling performance", but it hasn't done well around these three elements at the moment.

Public stringed. How is other public chains?

At present, the most famous open chain projects can be 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 conception of BTC development, an ordinary computer may possibly participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and afterwards ASIC mining machines with stronger research power appeared, consequently unified the waters and lakes. That mining of typical computers and sharp graphics cards is completely the past. At present, the construction and production from ASIC mining devices are almost monopolized by Bitmain, as well as the computing power with BTC's entire mobile phone network is almost monopolized by way of several large mining pools. Therefore , that "decentralization" of BTC seems to be inaccurate eventually people.

In terms of "transaction processing performance", BTC's TPS is only about 7 transactions a second, which is thoroughly unsuitable for day-to-day high-frequency and small-value transfers. It is this approach low transaction performance that has caused this BTC community to become divided over the long term development of BTC. This disagreement hasn't been properly settled, ultimately leading to a hard derive of BTC profit 2017.

In terms of safety measures, compared with several other court chains, BTC continues to the best. On the 1 hand, the computing power of the comprehensive network is constantly improved with the upgrading of the ASIC mining machine itself, in addition to on the other hand, new mining machines are regularly added to continue to enhance the computing power with the entire network. According to estimates, the current cost of attacking BTC is the highest of all POW public chains.

Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is also a consensus the impossible triangle process based on proof of operate. But it can nevertheless use graphics card account mining, so the state of affairs of computing power monopoly is not since serious as that of BTC. Additionally , the recent over-all overall shift to be able to POS consensus to solve the problem of computing power monopoly, making it better than BTC when it comes to decentralization.

ETH provides a slightly higher TPS than BTC, although because ETH is mostly a smart contract stage, its application eventualities are more complex and additionally congestion is more prone to occur than BTC. As a result, the performance issues that ETH has got exploded have received much more attention. Because of this, EOS, which was later highly anticipated and worried, was born.

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

We should take a look at EOS that had been so much expected. When EOS first released, TPS was the country's biggest selling point. Really, the EOS with the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS with EOS is only some hundred. But this particular does not prevent the idea from ranking maximum in terms of transaction producing speed of the some major public chains.

However , in order to achieve a really TPS, EOS provides made huge eschew in the degree of decentralization. Compared to the 10, 000 nodes on the over-all network of BTC and ETH, it offers only 21 nodes on the entire network. Therefore , it is the the majority questioned of the some major public necklaces in terms of "decentralization".

From a security perspective, because EOS has only 21 nodes in the entire network, it is relatively easier for hackers to the impossible triangle strike 21 nodes when compared to to attack tens of thousands of nodes in BTC or ETH. Therefore , EOS is also the worst of the some in terms of security.

Quicker we analyzed the use of some public stores and their functioning in the "impossible triangle", which is basically the up-to-date status of public chains. But on the subject of the most promising open public chain technology massive, Liberum must be outlined.

At present, the basic rationale of blockchain know-how is the development common sense of "low-level open chain → alternative → project application". Therefore , even just by 2020, the main concentration of the blockchain 's still the competition of the underlying public chain initiatives. It is obviously marketing the development within the entire blockchain sector.

Liberum uses HWD-PoW as the core formula, while ensuring that decentralization of the open public chain, it nevertheless effectively prevents 51% attacks. By isolating 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 way back when technical barriers, really surpassing the same root public market on the market chain.

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

You selected three actual Ethereum mainnet examples for experiments, and also the results were in step with the official claims. When using the HWD-PoW solution will indeed increase the attack cost by a lot more than 100 times.

In addition , one of the reasons for the inefficiency of active blockchain solutions is usually that all nodes ought to process the same process multiple times. That sharding technology supplies more powerful processing electrical power proportional to the availablility of nodes in the multilevel by sharding that nodes. Through sharding technology and ground-breaking improvements that standalone transactions from smart contracts, Liberum's advanced hierarchical group cycle system has vastly improved the overall deal processing speed. Theoretically, TPS can accomplish tens of millions. However , it is fully understood that, because Liberum is still in the initial phases of development, to be able to reduce development pressure and reduce throw away of resources, your core team now has some restrictions. Liberum's transaction handling speed is for the moment stable at available 20, 000 TPS. But even so, this particular ultra-high TPS provides thrown EOS, ETH and BTC far away.

According to the overall exploration, Liberum has an unrivaled high speed inside the overall transaction finalizing speed of the current public chain available on the market, while its unique HWD-PoW innovative general opinion mechanism maintains a high 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 truly is no wonder that will after the new associated with Liberum mainnet definitely will launch soon ended up 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" impossible 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 [...]