What exactly is the "impossible triangle"?

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What is the "impossible triangle"?

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

impossible triangle In fact , the "impossible triangle" is not a rigorous conclusion. It is just a summary of the actual operating status of each public 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?

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

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

BTC uses a consensus resource based on Proof of Work (POW). In the start of BTC progress, an ordinary computer might participate in mining. Nonetheless later, with the skyrocketing currency price, mining became profitable, thus graphics card mining appeared, and after ASIC mining devices with stronger research power appeared, and eventually unified the rivers and lakes. This mining of typical computers and layouts cards is completely heritage. At present, the manufacturing and production associated with ASIC mining devices are almost monopolized by Bitmain, as well as the computing power associated with BTC's entire system is almost monopolized by way of several large mining pools. Therefore , that "decentralization" of BTC seems to be inaccurate to many people.

In terms of "transaction processing performance", BTC's TPS is only approximately 7 transactions for each second, which is altogether unsuitable for day-to-day high-frequency and small-value transfers. It is this approach low transaction capabilities that has caused this BTC community being divided over the future development of BTC. This disagreement were properly settled, finally leading to a hard fork of BTC make the most 2017.

In terms of stability, compared with several other open chains, BTC holds the best. On the 1 hand, the research power of the comprehensive network is continuously improved with the updating of the ASIC exploration machine itself, in addition to on the other hand, new exploration machines are regularly added to continue to increase the computing power with the entire network. As reported by estimates, the current price of attacking BTC is the highest off POW public restaurants.

Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is usually a consensus imposible triangle instrument based on proof of get the job done. But it can still use graphics card account mining, so the state of affairs of computing power monopoly is not as serious as that of BTC. Additionally , the recent over-all overall shift so that you can POS consensus to resolve the problem of research power monopoly, therefore it is better than BTC when it comes to decentralization.

ETH contains a slightly higher TPS than BTC, although because ETH can be described as smart contract software, its application examples are more complex and additionally congestion is very likely to occur than BTC. As a result, the effectiveness issues that ETH provides exploded have received much more attention. Because of this, EOS, which was later really anticipated and concerned, was born.

In terms of stability, ETH is minute only to BTC.

Let's take a look at EOS that was so much expected. The moment EOS first arrived on the scene, TPS was a biggest selling point. Really, the EOS for the once-proclaimed million-level TPS has long considering changed, because actually the TPS with EOS is only one or two hundred. But this approach does not prevent the idea from ranking highest in terms of transaction handling speed of the some major public chains.

However , in order to achieve a really TPS, EOS comes with made huge sacrifices in the degree of decentralization. Compared to the 10, 000 nodes on the whole 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 chains in terms of "decentralization".

From your security perspective, since EOS has simply 21 nodes inside the entire network, it happens to be relatively easier to get hackers to penrose triangle meaning harm 21 nodes as opposed to to attack 1000s of nodes in BTC or ETH. Consequently , EOS is also this worst of the some in terms of security.

Early we analyzed the main advantages of some public necklaces and their effectiveness in the "impossible triangle", which is basically the up-to-date status of open public chains. But in the case of the most promising court chain technology in recent years, Liberum must be mentioned.

At present, the basic theory 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 of the entire blockchain market.

Liberum uses HWD-PoW as the core algorithm, while ensuring this decentralization of the public chain, it even now effectively prevents 51% attacks. By divorce transactions and shrewd contracts and decorating a fixed block age bracket algorithm, the hinder production speed, financial success rate, latency, server cost, and scalability cost of the Liberum main network have got all broken the past technical barriers, considerably surpassing the same hidden public market available chain.

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

We selected three serious Ethereum mainnet circumstances for experiments, plus the results were consistent with the official claims. With the HWD-PoW solution may well indeed increase the strike cost by above 100 times.

In addition , one of the reasons for this inefficiency of old blockchain solutions is normally that all nodes must process the same undertaking multiple times. Your sharding technology can provide more powerful processing potential proportional to the wide variety of nodes in the system by sharding your nodes. Through sharding technology and groundbreaking improvements that split transactions from wise contracts, Liberum's advanced hierarchical group chain system has tremendously improved the overall business deal processing speed. The theory is that, TPS can arrive at tens of many. However , it is appreciated that, because Liberum is still in the early stages of development, in order to reduce development difficulty and reduce waste of resources, this core team already has some polices. Liberum's transaction processing speed is for the short term stable at all over 20, 000 TPS. But even so, the following ultra-high TPS has thrown EOS, ETH and BTC far off.

According to the overall test, Liberum has an unequalled high speed with the overall transaction processing speed of the ongoing public chain that you can buy, while its distinctive HWD-PoW innovative complete mechanism maintains a superior degree of decentralization even though successfully attacking your attacker to two-fold spend. The cost of episodes and 51% assaults has also risen to somewhat of a level that cannot be surpassed by some other public chains. It is no wonder that after the new of Liberum mainnet could launch soon ended up recently, there are many solutions enthusiasts on the market that highly respect the following underlying public chain that broke that "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 [...]