Solving Blockchain Trilemma — Ultimate Goal of All Decentralized Networks

Author(s): Nishu Jain

Originally published on Towards AI.

Being decentralized, secure, and scalable at the same time is tougher than it looks

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The Blockchain was developed as a solution to provide distributed and secure transactions, which can be scaled to a global level. But the three characteristics of this technology — Decentralization, Security, and Scalability — themselves become inter-contradictory in most practical applications, leading to a situation called Blockchain Trilemma.

This is an unwritten rule which states, a blockchain application has to compromise on one of the three pillars of it, to strengthen the other two.

A 51% attack on a major Blockchain that supports many coins.

As… Read the full blog for free on Medium.

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Published via Towards AI