Precisely what is the "impossible triangle"?

What exactly is the "impossible triangle"?

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

impossible triangle In fact , the "impossible triangle" is not a rigorous conclusion. It is just a overview of the actual doing work status of each general public chain in the industry. That is to say, it is not necessarily that your public chain simply cannot do well in the some aspects of "decentralization", "security" and "transaction producing performance", but it have not done well within these three factors at the moment.

Public chain. How is additional public chains?

Nowadays, the most famous open public chain projects usually are BTC, ETH, together with EOS.

First of all, let's study the Bitcoin - BTC.

BTC uses a consensus instrument based on Proof of Job (POW). In the conception of BTC enhancement, an ordinary computer may participate in mining. But later, with the skyrocketing currency price, exploration became profitable, which means that graphics card exploration appeared, and in the future ASIC mining equipments with stronger scheming power appeared, and eventually unified the estuaries and rivers and lakes. That mining of normal computers and artwork cards is completely story. At present, the output 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 a second, which is thoroughly unsuitable for on a daily basis high-frequency and small-value transfers. It is this approach low transaction results that has caused the BTC community to remain divided over the long run development of BTC. This disagreement has not been properly settled, eventually leading to a hard fork of BTC make the most 2017.

In terms of protection, compared with several other open public chains, BTC is the best. On the 1 hand, the computing power of the comprehensive network is constantly improved with the updating your of the ASIC mining machine itself, together with on the other hand, new mining machines are continuously added to continue to enhance the computing power of the entire network. According to estimates, the current price of attacking BTC is the highest of their POW public necklaces.

Next, we describe blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus imposible triangle tool based on proof of operate. But it can even now use graphics card account mining, so the situation of computing strength monopoly is not for the reason that serious as which of BTC. Additionally , the recent general overall shift to help you POS consensus to solve the problem of precessing power monopoly, it is therefore 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 more prone to occur than BTC. As a result, the effectiveness issues that ETH has got exploded have received even more attention. Because of this, EOS, which was later remarkably anticipated and worried, was born.

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

Shall we take a look at EOS that was so much expected. As soon as EOS first became available, TPS was it's biggest selling point. The fact remains, the EOS within the once-proclaimed million-level TPS has long considering changed, because actually , the TPS associated with EOS is only a few hundred. But the following does not prevent that from ranking top in terms of transaction processing speed of the a few major public organizations.

However , in order to achieve a great TPS, EOS has got made huge forfeit 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 a lot of questioned of the two major public stores in terms of "decentralization".

On a security perspective, simply because EOS has solely 21 nodes inside the entire network, it truly is relatively easier designed for hackers to impossible triangle attack 21 nodes than to attack thousands of nodes in BTC or ETH. For that reason EOS is also a worst of the two in terms of security.

Previous we analyzed the main advantages of some public restaurants and their effectiveness in the "impossible triangle", which is basically the current status of open chains. But in the case of the most promising court chain technology lately, Liberum must be stated.

At present, the basic standard of blockchain solutions is the development logic of "low-level open public chain → alternative → project application". Therefore , even by 2020, the main concentrate of the blockchain holds the competition of the base public chain plans. It is obviously promoting the development for the entire blockchain industry.

Liberum uses HWD-PoW as the core protocol, while ensuring the decentralization of the court chain, it still effectively prevents 51% attacks. By removing transactions and good contracts and constructing a fixed block iteration algorithm, the stop production speed, accomplishment rate, latency, server cost, and scalability cost of the Liberum main network have all broken prior times technical barriers, vastly surpassing the same fundamental public market available on the market chain.

Facing the impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus process to try to optimize the total amount between security along with transaction processing speed while maintaining increased degree of decentralization.

Everyone selected three realistic Ethereum mainnet conditions for experiments, along with the results were in accordance with the official claims. While using HWD-PoW solution will indeed increase the harm cost by more than 100 times.

Additionally , one of the reasons for the inefficiency of existing blockchain solutions is that all nodes ought to process the same process multiple times. That sharding technology supplies more powerful processing electrical power proportional to the amount of nodes in the multi-level by sharding that nodes. Through sharding technology and ground-breaking improvements that separate transactions from smart contracts, Liberum's advanced hierarchical group cycle system has tremendously improved the overall deal processing speed. Theoretically, TPS can accomplish tens of millions. 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 throw away of resources, your core team now has some restrictions. Liberum's transaction handling speed is for the moment stable at available 20, 000 TPS. But even so, this particular ultra-high TPS provides thrown EOS, ETH and BTC far away.

According to the overall exploration, Liberum has an unrivaled high speed inside the overall transaction finalizing speed of the present-day public chain available to buy, while its unique HWD-PoW innovative general opinion mechanism maintains a high degree of decentralization whereas successfully attacking the attacker to 2 bottle spend. The cost of disorders and 51% blasts has also risen to somewhat of a level that cannot be surpassed by some other public chains. It truly is no wonder that after the new involving Liberum mainnet definitely will launch soon ended up recently, there are many know-how enthusiasts on the market exactly who highly respect the following underlying public company that broke your "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 [...]

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