What exactly 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 quickly attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. inch The "transaction producing performance" is often referred to as TPS (Transactions Digesting Per Second).

penrose triangle meaning Actually the "impossible triangle" is not a difficult conclusion. It is just a brief summary of the actual working with 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 finalizing performance", but it haven't done well with these three aspects at the moment.

Public cycle. How is various public chains?

Right now, the most famous court chain projects are generally BTC, ETH, and EOS.

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

BTC uses a consensus tool based on Proof of Succeed (POW). In the early days of BTC improvement, an ordinary computer may participate in mining. But later, with the skyrocketing currency price, exploration became profitable, so graphics card exploration appeared, and later ASIC mining models with stronger computer power appeared, subsequently unified the waterways and lakes. The mining of standard computers and graphics cards is completely heritage. At present, the manufacturing 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 , that "decentralization" of BTC seems to be inaccurate a lot of people.

In terms of "transaction processing performance", BTC's TPS is only on the subject of 7 transactions for each second, which is absolutely unsuitable for daily high-frequency and small-value transfers. It is the following low transaction capabilities that has caused a BTC community to be divided over the forthcoming development of BTC. This disagreement were properly settled, in due course leading to a hard shell of BTC cash in 2017.

In terms of safety measures, compared with several other court chains, BTC 's still the best. On the a hand, the precessing power of the general network is consistently improved with the upgrading of the ASIC exploration machine itself, and on the other hand, new exploration machines are consistently added to continue to increase the computing power for the entire network. As reported by estimates, the current value of attacking BTC is the highest at all POW public stores.

Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is usually a consensus the impossible triangle resource based on proof of succeed. But it can still use graphics credit card mining, so the position of computing electricity monopoly is not since serious as that of BTC. Additionally , the recent over-all overall shift to POS consensus to eliminate the problem of scheming power monopoly, so it is better than BTC when it comes to 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 more likely to occur than BTC. As a result, the capabilities issues that ETH comes with exploded have received a lot more attention. Because of this, EOS, which was later really anticipated and nervous, was born.

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

You should take a look at EOS who was so much expected. When ever EOS first came out, TPS was her biggest selling point. The truth is, the EOS in the once-proclaimed million-level TPS has long due to the fact changed, because actually the TPS from EOS is only several hundred. But that does not prevent the application from ranking highest possible 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 entire network of BTC and ETH, there are only 21 nodes on the entire multilevel. Therefore , it is the the majority of questioned of the two major public stores in terms of "decentralization".

By a security perspective, simply because EOS has simply 21 nodes within the entire network, it truly is relatively easier designed for 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 this worst of the a few 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 principle of blockchain concept is the development intuition of "low-level 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 that decentralization of the open chain, it nevertheless effectively prevents 51% attacks. By isolating transactions and clever contracts and creating a fixed block generation algorithm, the filter production speed, results rate, latency, server cost, and scalability cost of the Liberum main network get all broken the last technical barriers, greatly surpassing the same base public market on the market chain.

Facing a impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus instrument to try to optimize the balance between security in addition to transaction processing acceleration while maintaining a healthy degree of decentralization.

We selected three real Ethereum mainnet examples for experiments, and the results were consistent with the official claims. With the HWD-PoW solution are able to indeed increase the infiltration cost by more than 100 times.

Additionally , one of the reasons for the inefficiency of active blockchain solutions is actually that all nodes will need to process the same undertaking multiple times. Your sharding technology can provide more powerful processing strength proportional to the variety of nodes in the network by sharding a nodes. Through sharding technology and groundbreaking improvements that separate transactions from clever contracts, Liberum's highly developed hierarchical group stringed system has considerably improved the overall transaction processing speed. The theory is that, TPS can get to tens of many. However , it is known that, because Liberum is still in the initial phases of development, in order to reduce development burden and reduce waste products of resources, this core team now has some restrictions. Liberum's transaction producing speed is momentarily stable at available 20, 000 TPS. But even so, this ultra-high TPS has got thrown EOS, ETH and BTC a long way away.

According to the overall test, Liberum has an unequalled high speed inside overall transaction processing speed of the active public chain available, while its unique HWD-PoW innovative total mechanism maintains a healthy degree of decentralization even though successfully attacking your attacker to double spend. The cost of episodes and 51% attacks has also risen to your level that shouldn't be surpassed by many other public chains. It happens to be no wonder that will after the new involving Liberum mainnet can launch soon released recently, there are many concept enthusiasts on the market that highly respect this underlying public stringed that broke this "processing speed-security-centralization" not possible 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 [...]