Unlock the full potential of AI with Building LLMs for Production—our 470+ page guide to mastering LLMs with practical projects and expert insights!


Solving Blockchain Trilemma — Ultimate Goal of All Decentralized Networks
Latest   Machine Learning

Solving Blockchain Trilemma — Ultimate Goal of All Decentralized Networks

Last Updated on July 26, 2023 by Editorial Team

Author(s): Nishu Jain

Originally published on Towards AI.

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

This member-only story is on us. Upgrade to access all of Medium.

Image by the Author (Designed using Canva)

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.

Join thousands of data leaders on the AI newsletter. Join over 80,000 subscribers and keep up to date with the latest developments in AI. From research to projects and ideas. If you are building an AI startup, an AI-related product, or a service, we invite you to consider becoming a sponsor.

Published via Towards AI

Feedback ↓