What is the "impossible triangle"?

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Precisely what is 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. " The "transaction digesting performance" is often termed as TPS (Transactions Producing Per Second).

impossible triangle Actually the "impossible triangle" is not a arduous conclusion. It is just a summary of the actual operating status of each open chain in the industry. Frankly, it is not necessarily of the fact that public chain can't do well in the several aspects of "decentralization", "security" and "transaction digesting performance", but it has not done well in these three attributes at the moment.

Public string. How is some other public chains?

At the moment, the most famous general public chain projects tend to be BTC, ETH, and additionally EOS.

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

BTC uses a consensus tool based on Proof of Job (POW). In the conception of BTC advancement, an ordinary computer may possibly participate in mining. However , later, with the skyrocketing currency price, exploration became profitable, consequently graphics card exploration appeared, and later ASIC mining equipments with stronger computer power appeared, subsequently unified the waters and lakes. A mining of standard computers and images cards is completely heritage. At present, the developing and production involving ASIC mining equipments are almost monopolized by Bitmain, and also the computing power from BTC's entire multi-level is almost monopolized simply by several large exploration pools. Therefore , the "decentralization" of BTC seems to be inaccurate to many people.

In terms of "transaction processing performance", BTC's TPS is only around 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 performance that has caused that BTC community being divided over the future development of BTC. This disagreement isn't properly settled, subsequently leading to a hard derive of BTC make the most 2017.

In terms of protection, compared with several other open public chains, BTC is the best. On the one hand, the research power of the entire network is always improved with the bringing up-to-date of the ASIC exploration machine itself, together with on the other hand, new exploration machines are regularly added to continue to increase the computing power in the entire network. Consistent with estimates, the current price of attacking BTC is the highest of all POW public restaurants.

Next, we explain blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus infinite triangle instrument based on proof of job. But it can always use graphics business card mining, so the position of computing potential monopoly is not like serious as which of BTC. Additionally , the recent overall overall shift to help POS consensus to eliminate the problem of precessing power monopoly, making it better than BTC in the case of decentralization.

ETH incorporates a slightly higher TPS than BTC, nonetheless because ETH can be a smart contract software, its application circumstances are more complex along with congestion is almost certainly going to occur than BTC. As a result, the results issues that ETH provides exploded have received more attention. Because of this, EOS, which was later extremely anticipated and uneasy, was born.

In terms of reliability, ETH is next only to BTC.

You should take a look at EOS that's so much expected. The moment EOS first ended up, TPS was a biggest selling point. In reality, the EOS within the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS of EOS is only a couple hundred. But this does not prevent the application from ranking highest possible in terms of transaction producing speed of the three major public restaurants.

However , in order to achieve this TPS, EOS offers made huge forfeit in the degree of decentralization. Compared to the 10, 000 nodes on the entire network of BTC and ETH, it has only 21 nodes on the entire system. Therefore , it is the the majority questioned of the several major public restaurants in terms of "decentralization".

By a security perspective, simply because EOS has just 21 nodes in the entire network, it happens to be relatively easier with regard to hackers to impossible triangle infiltration 21 nodes as opposed to to attack 1000s of nodes in BTC or ETH. Therefore , EOS is also this worst of the some in terms of security.

Early we analyzed the use of some public necklaces and their functioning in the "impossible triangle", which is basically the current status of open public chains. But when it comes to the most promising open public chain technology usually, Liberum must be outlined.

At present, the basic principle of blockchain technology is the development judgement of "low-level general public chain → alternative → project application". Therefore , even simply by 2020, the main concentrate of the blockchain holds the competition of the fundamental public chain jobs. It is obviously supporting the development of the entire blockchain sector.

Liberum uses HWD-PoW as the core criteria, while ensuring this decentralization of the court chain, it still effectively prevents 51% attacks. By removing transactions and shrewd contracts and creating a fixed block generation algorithm, the prohibit production speed, success rate, latency, server cost, and scalability cost of the Liberum main network have got all broken way back when technical barriers, really surpassing the same hidden public market available to buy chain.

Facing a impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the balance between security along with transaction processing pace while maintaining an increased degree of decentralization.

You selected three real Ethereum mainnet examples for experiments, and the results were in accordance with the official claims. While using HWD-PoW solution will indeed increase the strike cost by more than 100 times.

In addition , one of the reasons for your inefficiency of old blockchain solutions is that all nodes need to process the same task multiple times. That sharding technology supplies more powerful processing electricity proportional to the number of nodes in the multilevel by sharding a nodes. Through sharding technology and revolutionary improvements that distinguish transactions from good contracts, Liberum's innovative hierarchical group chain system has vastly improved the overall business deal processing speed. The theory is that, TPS can arrive at tens of millions. However , it is grasped that, because Liberum is still in the early stages of development, so that they can reduce development demand and reduce throw away of resources, that core team already has some limits. Liberum's transaction producing speed is for the short term stable at round 20, 000 TPS. But even so, the following ultra-high TPS offers thrown EOS, ETH and BTC far away.

According to the overall examination, Liberum has an unequalled high speed in the overall transaction digesting speed of the active public chain on the market, while its completely unique HWD-PoW innovative general opinion mechanism maintains a healthy degree of decentralization while successfully attacking that attacker to 2 bottle spend. The cost of episodes and 51% disorders has also risen to a level that may not be surpassed by some other public chains. It's no wonder this after the new from Liberum mainnet definitely will launch soon came out recently, there are many technological know-how enthusiasts on the market which highly respect that underlying public company that broke this "processing speed-security-centralization" difficult 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 [...]