What exactly is the "impossible triangle"?

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What exactly the "impossible triangle"?

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

the impossible triangle Actually the "impossible triangle" is not a difficult conclusion. It is just a overview of the actual using status of each general public chain in the industry. Frankly, it is not necessarily that this public chain cannot do well in the two aspects of "decentralization", "security" and "transaction processing performance", but it hasn't done well within these three elements at the moment.

Public chain. How is additional public chains?

At the moment, the most famous general public chain projects are BTC, ETH, together with EOS.

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

BTC uses a consensus process based on Proof of Work (POW). In the beginning of BTC enhancement, an ordinary computer may possibly participate in mining. Nevertheless later, with the skyrocketing currency price, exploration became profitable, which means graphics card mining appeared, and after ASIC mining units with stronger computer power appeared, and eventually unified the rivers and lakes. A mining of standard computers and artwork cards is completely history. At present, the developing and production associated with ASIC mining devices are almost monopolized by Bitmain, and the computing power of BTC's entire system is almost monopolized simply by several large exploration pools. Therefore , your "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 each and every second, which is completely unsuitable for day by day high-frequency and small-value transfers. It is that low transaction performance that has caused a BTC community to get divided over the upcoming development of BTC. This disagreement was not properly settled, ultimately leading to a hard fork of BTC benefit 2017.

In terms of security, compared with several other general public chains, BTC continues to the best. On the a hand, the computing power of the comprehensive network is always improved with the bringing up-to-date of the ASIC mining machine itself, and additionally on the other hand, new mining machines are regularly added to continue to boost the computing power of the entire network. Consistent with estimates, the current charge of attacking BTC is the highest of POW public stores.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is furthermore a consensus the impossible triangle resource based on proof of job. But it can even now use graphics card account mining, so the circumstances of computing electrical power monopoly is not since serious as that will of BTC. Additionally , the recent general overall shift to POS consensus to unravel the problem of precessing power monopoly, it is therefore better than BTC concerning decentralization.

ETH carries a slightly higher TPS than BTC, nevertheless because ETH can be a smart contract platform, its application conditions are more complex in addition to congestion is very likely to occur than BTC. As a result, the effectiveness 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 protection, ETH is 2nd only to BTC.

Today i want to take a look at EOS that was so much expected. The moment EOS first arrived on the scene, TPS was it's biggest selling point. The truth is, the EOS with the once-proclaimed million-level TPS has long considering changed, because actually the TPS of EOS is only one or two hundred. But this particular does not prevent the idea from ranking top in terms of transaction processing speed of the several major public chains.

However , in order to achieve this TPS, EOS has got made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the over-all network of BTC and ETH, there are only 21 nodes on the entire system. Therefore , it is the the majority questioned of the two major public chains in terms of "decentralization".

From your security perspective, due to the fact EOS has only 21 nodes within the entire network, it is relatively easier meant for hackers to impossible triangle attack 21 nodes as compared to to attack tens of thousands of nodes in BTC or ETH. Consequently , EOS is also this worst of the two in terms of security.

Previous we analyzed the benefits of some public organizations and their effectiveness in the "impossible triangle", which is basically the up-to-date status of public chains. But when it comes to the most promising open chain technology usually, Liberum must be referred to.

At present, the basic principle of blockchain concept is the development reason of "low-level court chain → answer → project application". Therefore , even by 2020, the main concentrate of the blockchain 's still the competition of the underlying public chain jobs. It is obviously advertising the development in the entire blockchain business.

Liberum uses HWD-PoW as the core criteria, while ensuring a decentralization of the court chain, it nevertheless effectively prevents 51% attacks. By separating transactions and wise contracts and coming up with a fixed block iteration 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, considerably surpassing the same base public market available to buy chain.

Facing your impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus mechanism to try to optimize the balance between security and additionally transaction processing tempo while maintaining increased degree of decentralization.

Everyone selected three actual Ethereum mainnet scenarios for experiments, and also the results were in step with the official claims. Using the HWD-PoW solution can indeed increase the breach cost by above 100 times.

Additionally , one of the reasons for your inefficiency of prevailing blockchain solutions can be that all nodes need to process the same undertaking multiple times. A sharding technology supplies more powerful processing electricity proportional to the availablility of nodes in the mobile phone network by sharding your nodes. Through sharding technology and excellent improvements that isolate transactions from wise contracts, Liberum's leading-edge hierarchical group string system has considerably improved the overall business deal processing speed. In theory, TPS can reach tens of many. However , it is fully understood that, because Liberum is still in the initial phases of development, to be able to reduce development demand and reduce waste of resources, a core team already has some polices. Liberum's transaction digesting speed is temporarily stable at round 20, 000 TPS. But even so, that ultra-high TPS comes with thrown EOS, ETH and BTC miles away.

According to the overall analysis, Liberum has an unequalled high speed within the overall transaction finalizing speed of the up-to-date public chain that you can buy, while its distinctive HWD-PoW innovative consensus mechanism maintains a superior degree of decentralization even though successfully attacking a attacker to 2 bottle spend. The cost of attacks and 51% episodes has also risen to a level that shouldn't be surpassed by some other public chains. It truly is no wonder which after the new from Liberum mainnet can launch soon became available recently, there are many solutions enthusiasts on the market whom highly respect this underlying public company that broke a "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 [...]