What is the "impossible triangle"?

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Precisely what is the "impossible triangle"?

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

imposible triangle Actually , the "impossible triangle" is not a arduous conclusion. It is just a summing up of the actual operating status of each general public chain in the industry. That is to say, it is not necessarily that this public chain can not do well in the three aspects of "decentralization", "security" and "transaction handling performance", but it hasn't done well within these three aspects at the moment.

Public chain. How is additional public chains?

At present, the most famous open chain projects can be BTC, ETH, in addition to EOS.

First of all, today i want to study the Bitcoin - BTC.

BTC uses a consensus process based on Proof of Get the job done (POW). In the birth of BTC development, an ordinary computer could participate in mining. Although later, with the skyrocketing currency price, exploration became profitable, thus graphics card mining appeared, and later on ASIC mining devices with stronger computing power appeared, subsequently unified the waterways and lakes. This mining of standard computers and sharp graphics cards is completely history. At present, the manufacturing and production involving ASIC mining equipments are almost monopolized by Bitmain, as well as the computing power with BTC's entire network is almost monopolized just by several large exploration pools. Therefore , a "decentralization" of BTC seems to be inaccurate to a lot people.

In terms of "transaction processing performance", BTC's TPS is only about 7 transactions per second, which is thoroughly unsuitable for day by day high-frequency and small-value transfers. It is this approach low transaction capabilities that has caused the BTC community to become divided over the long run development of BTC. This disagreement has not been properly settled, eventually leading to a hard hand of BTC money in 2017.

In terms of stability, compared with several other open chains, BTC is the best. On the one hand, the computer power of the over-all network is regularly improved with the improvement of the ASIC exploration machine itself, in addition to on the other hand, new exploration machines are regularly added to continue to boost the computing power with the entire network. As per estimates, the current value of attacking BTC is the highest of POW public organizations.

Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is usually a consensus penrose triangle meaning tool based on proof of operate. But it can even now use graphics card account mining, so the situation of computing power monopoly is not like serious as which of BTC. In addition , the recent all around overall shift so that you can POS consensus to fix the problem of computer power monopoly, therefore it is better than BTC in the case of decentralization.

ETH carries a slightly higher TPS than BTC, but because ETH can be described as smart contract stage, its application conditions are more complex and additionally congestion is apt to occur than BTC. As a result, the results issues that ETH provides exploded have received far more attention. Because of this, EOS, which was later very anticipated and troubled, was born.

In terms of protection, ETH is following only to BTC.

We should take a look at EOS that had been so much expected. As soon as EOS first arrived on the scene, TPS was its biggest selling point. The fact remains, the EOS for the once-proclaimed million-level TPS has long since changed, because actually , the TPS associated with EOS is only a couple hundred. But the following does not prevent the application from ranking highest possible in terms of transaction processing speed of the a few major public stores.

However , in order to achieve a very TPS, EOS has made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the comprehensive network of BTC and ETH, it's only 21 nodes on the entire mobile phone network. Therefore , it is the a large number of questioned of the three major public restaurants in terms of "decentralization".

With a security perspective, considering EOS has sole 21 nodes with the entire network, it happens to be relatively easier to get hackers to imposible triangle harm 21 nodes as opposed to to attack several thousand nodes in BTC or ETH. For that reason EOS is also your worst of the several in terms of security.

Previous we analyzed the main advantages of some public organizations and their effectiveness in the "impossible triangle", which is basically the current status of open 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 intuition of "low-level public chain → method → project application". Therefore , even simply by 2020, the main place emphasis of the blockchain is still the competition of the hidden public chain assignments. It is obviously supporting the development with the entire blockchain marketplace.

Liberum uses HWD-PoW as the core algorithm, while ensuring that decentralization of the open public chain, it nevertheless effectively prevents 51% attacks. By isolating transactions and smart contracts and constructing a fixed block new release algorithm, the block production speed, achievements rate, latency, server cost, and scalability cost of the Liberum main network possess all broken days gone by technical barriers, tremendously surpassing the same hidden 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 along with transaction processing tempo while maintaining a superior degree of decentralization.

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

Additionally , one of the reasons for a inefficiency of already present blockchain solutions is usually that all nodes need to process the same mission multiple times. A sharding technology gives you more powerful processing electrical power proportional to the number of nodes in the mobile phone network by sharding the nodes. Through sharding technology and groundbreaking improvements that isolate transactions from clever contracts, Liberum's advanced hierarchical group chain system has greatly improved the overall deal processing speed. The theory is that, TPS can get through to tens of scores. However , it is fully understood that, because Liberum is still in the initial phases of development, so as to reduce development demand and reduce fritter away of resources, a core team currently has some polices. Liberum's transaction producing speed is temporarily stable at approximately 20, 000 TPS. But even so, this ultra-high TPS offers thrown EOS, ETH and BTC far away.

According to the overall exploration, Liberum has an unmatched high speed with the overall transaction finalizing speed of the ongoing public chain that you can buy, while its different HWD-PoW innovative total mechanism maintains a healthy degree of decentralization even though successfully attacking this attacker to 2 bottle spend. The cost of episodes and 51% assaults has also risen to somewhat of a level that cannot be surpassed by many other public chains. It can be no wonder this after the new associated with Liberum mainnet might launch soon became available recently, there are many technology enthusiasts on the market which highly respect that underlying public chain that broke this "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 [...]