What’s the "impossible triangle"?
Wiki Article
What exactly the "impossible triangle"?
The so-called "impossible triangle" means that inside the blockchain public string, it is difficult to attain both good "decentralization" and good "security" of the system. "Transaction Processing Performance. " The "transaction digesting performance" is often sometimes referred to as TPS (Transactions Handling Per Second).
impossible triangle Actually , the "impossible triangle" is not a arduous conclusion. It is just a overview of the actual using status of each open chain in the industry. That is to say, it is not necessarily that public chain cannot do well in the three aspects of "decentralization", "security" and "transaction processing performance", but it haven't done well with these three factors at the moment.
Public stringed. How is many other public chains?
At the moment, the most famous open public chain projects usually are BTC, ETH, along with EOS.
First of all, you should study the Bitcoin - BTC.
BTC uses a consensus tool based on Proof of Get the job done (POW). In the early days of BTC development, an ordinary computer could participate in mining. But later, with the skyrocketing currency price, exploration became profitable, thus graphics card mining appeared, and after ASIC mining equipments with stronger precessing power appeared, consequently unified the waterways and lakes. Your mining of typical computers and layouts cards is completely heritage. At present, the construction and production with ASIC mining equipments are almost monopolized by Bitmain, as well as the computing power associated with BTC's entire multilevel is almost monopolized just by several large exploration pools. Therefore , this "decentralization" of BTC seems to be inaccurate to many people.
In terms of "transaction processing performance", BTC's TPS is only on the subject of 7 transactions each and every second, which is altogether unsuitable for daily high-frequency and small-value transfers. It is this particular low transaction functioning that has caused your BTC community to be divided over the long run development of BTC. This disagreement isn't properly settled, ultimately leading to a hard shell of BTC money in 2017.
In terms of reliability, compared with several other open public chains, BTC is still the best. On the an individual hand, the research power of the general network is constantly improved with the updating your of the ASIC exploration machine itself, in addition to on the other hand, new exploration machines are always added to continue to boost the computing power for the entire network. Based on estimates, the current price of attacking BTC is the highest of all POW public restaurants.
Next, we express blockchain 2 . 0 Ethereum - ETH. Although ETH is additionally a consensus impossible triangle mechanism based on proof of work. But it can nevertheless use graphics business card mining, so the circumstances of computing electricity monopoly is not since serious as that of BTC. Additionally , the recent general overall shift to help you POS consensus to fix the problem of scheming power monopoly, making it better than BTC concerning decentralization.
ETH contains a slightly higher TPS than BTC, but because ETH is often a smart contract principle, its application examples are more complex and congestion is more prone to occur than BTC. As a result, the capabilities issues that ETH provides exploded have received far more attention. Because of this, EOS, which was later very anticipated and concerned, was born.
In terms of stability, ETH is second only to BTC.
Shall we take a look at EOS that's so much expected. The moment EOS first arrived on the scene, TPS was it's biggest selling point. The truth is, the EOS in the once-proclaimed million-level TPS has long seeing that changed, because actually the TPS with EOS is only one or two hundred. But this particular does not prevent it from ranking maximum in terms of transaction processing speed of the a few major public stores.
However , in order to achieve such a TPS, EOS provides made huge eschew in the degree of decentralization. Compared to the 10, 000 nodes on the whole network of BTC and ETH, there are only 21 nodes on the entire multilevel. Therefore , it is the the majority questioned of the several major public organizations in terms of "decentralization".
From a security perspective, simply because EOS has sole 21 nodes with the entire network, it is relatively easier with regard to hackers to imposible triangle harm 21 nodes than to attack thousands of nodes in BTC or ETH. Therefore , EOS is also that worst of the a few in terms of security.
Previous we analyzed the benefits of some public necklaces and their performance in the "impossible triangle", which is basically the present-day status of general public chains. But in the case of the most promising court chain technology massive, Liberum must be stated.
At present, the basic standard of blockchain know-how is the development common sense of "low-level public chain → method → project application". Therefore , even by way of 2020, the main center of the blockchain is the competition of the hidden public chain assignments. It is obviously promoting the development for the entire blockchain industry.
Liberum uses HWD-PoW as the core algorithm, while ensuring a decentralization of the general public chain, it always effectively prevents 51% attacks. By separating transactions and wise contracts and designing a fixed block iteration algorithm, the hinder production speed, success rate, latency, server cost, and scalability cost of the Liberum main network have all broken prior times technical barriers, considerably surpassing the same hidden public market available to buy chain.
Facing your impossible triangle, Liberum adopts the unique HWD-PoW innovative consensus tool to try to optimize the total amount between security in addition to transaction processing speed while maintaining increased degree of decentralization.
We selected three actual Ethereum mainnet scenarios for experiments, plus the results were in step with the official claims. While using the HWD-PoW solution can indeed increase the infiltration cost by above 100 times.
In addition , one of the reasons for your inefficiency of old blockchain solutions is usually that all nodes must process the same mission multiple times. The sharding technology gives more powerful processing electricity proportional to the availablility of nodes in the system by sharding the nodes. Through sharding technology and excellent improvements that separate transactions from shrewd contracts, Liberum's advanced hierarchical group company system has vastly improved the overall dealing processing speed. Theoretically, TPS can get to tens of many. However , it is known that, because Liberum is still in the first stages of development, for you to reduce development difficulty and reduce waste products of resources, this core team right now has some limitations. Liberum's transaction handling speed is temporarily stable at around 20, 000 TPS. But even so, the following ultra-high TPS comes with thrown EOS, ETH and BTC a long way away.
According to the overall examination, Liberum has an unparalleled high speed inside the overall transaction producing speed of the up-to-date public chain on the market, while its different HWD-PoW innovative complete mechanism maintains a high degree of decentralization whereas successfully attacking that attacker to twice spend. The cost of blasts and 51% episodes has also risen for a level that can not be surpassed by other public chains. It is no wonder which after the new involving Liberum mainnet can launch soon arrived on the scene recently, there are many technology enthusiasts on the market which highly respect this approach underlying public string that broke your "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 [...]