What is the "impossible triangle"?

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 company, it is difficult to create both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " 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 that your public chain can't do well in the two aspects of "decentralization", "security" and "transaction producing performance", but it has never done well with these three factors 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 advancement, an ordinary computer could participate in mining. However , later, with the skyrocketing currency price, mining became profitable, so graphics card mining 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 story. At present, the manufacturing and production associated with ASIC mining machines are almost monopolized by Bitmain, plus the computing power of BTC's entire multilevel is almost monopolized by way of several large mining pools. Therefore , this "decentralization" of BTC seems to be inaccurate to numerous people.

In terms of "transaction processing performance", BTC's TPS is only approximately 7 transactions each and every second, which is completely unsuitable for day-to-day high-frequency and small-value transfers. It is this approach low transaction performance that has caused that BTC community being divided over the upcoming development of BTC. This disagreement was not properly settled, subsequently leading to a hard division of BTC benefit 2017.

In terms of reliability, compared with several other public chains, BTC holds the best. On the an individual hand, the scheming power of the over-all network is always improved with the bringing up-to-date of the ASIC exploration machine itself, along with on the other hand, new exploration machines are always added to continue to boost the computing power for the entire network. As reported by estimates, the current value of attacking BTC is the highest at all POW public organizations.

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 nevertheless use graphics card mining, so the state of affairs of computing potential monopoly is not when serious as that will of BTC. Additionally , the recent general overall shift to help POS consensus to solve the problem of precessing power monopoly, so it's better than BTC with regard to decentralization.

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

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

You should take a look at EOS who was so much expected. The moment EOS first released, TPS was a biggest selling point. In reality, the EOS with the once-proclaimed million-level TPS has long ever since changed, because in fact , the TPS with EOS is only one or two hundred. But this particular does not prevent the idea from ranking maximum in terms of transaction handling 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 general network of BTC and ETH, it has only 21 nodes on the entire multi-level. Therefore , it is the the majority of questioned of the two major public stores in terms of "decentralization".

On a security perspective, simply because EOS has solely 21 nodes in the entire network, it is relatively easier for hackers to infinite triangle breach 21 nodes as compared to to attack 1000s of nodes in BTC or ETH. Therefore , EOS is also the worst of the three in terms of security.

Earlier we analyzed the advantages of some public chains and their results in the "impossible triangle", which is basically the active status of open public chains. But concerning the most promising general public chain technology in recent years, Liberum must be stated.

At present, the basic standard of blockchain solutions is the development common sense of "low-level open chain → alternative → project application". Therefore , even just by 2020, the main concentration of the blockchain 's still 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 nonetheless effectively prevents 51% attacks. By breaking up transactions and wise contracts and coming up with a fixed block iteration algorithm, the stop production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network get all broken the last technical barriers, greatly surpassing the same fundamental public market that you can buy chain.

Facing this impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus tool to try to optimize the total amount between security together with transaction processing acceleration while maintaining a high degree of decentralization.

People selected three substantial Ethereum mainnet conditions for experiments, and the results were in accordance with the official claims. While using HWD-PoW solution can indeed increase the breach cost by above 100 times.

In addition , one of the reasons for that inefficiency of already present blockchain solutions is normally that all nodes must process the same mission multiple times. A sharding technology gives more powerful processing strength proportional to the number of nodes in the network by sharding the nodes. Through sharding technology and groundbreaking improvements that separate transactions from smart contracts, Liberum's advanced hierarchical group cycle system has vastly improved the overall deal processing speed. Theoretically, TPS can accomplish tens of scores. However , it is understood that, because Liberum is still in the beginning of development, for you to reduce development burden and reduce waste products of resources, the core team at present has some limitations. Liberum's transaction digesting speed is for the short term stable at around 20, 000 TPS. But even so, this approach ultra-high TPS comes with thrown EOS, ETH and BTC far away.

According to the overall exploration, Liberum has an unrivaled high speed in the overall transaction producing speed of the up-to-date public chain on the market, while its different HWD-PoW innovative consensus mechanism maintains a superior degree of decentralization while successfully attacking this attacker to double spend. The cost of assaults and 51% disorders has also risen for a level that shouldn't be surpassed by other public chains. It's no wonder of which after the new with Liberum mainnet will launch soon ended up recently, there are many know-how enthusiasts on the market who highly respect the following 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 [...]

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