It posits that decentralized networks can simultaneously offer only two of the three advantages: decentralization, security, and scalability. Let's delve into this concept together.
Decentralization
The cornerstone of blockchain technology. The combination of decentralized processes and technology eliminates the role of intermediaries, ensuring that
there are no entities or institutions with decision-making powers regarding "business" or project policies.
Security
Represents a comprehensive risk management system for a blockchain network, utilizing cybersecurity frameworks and best precautions to reduce the risk of potential attacks and fraud.
Scalability
It refers to the blockchain's ability to support high transactional capacity and future growth without compromising performance.
Why is it so challenging to solve the Trilemma?
The pursuit of scalability in blockchains tends to steer them towards centralized and permissioned networks, restricting access to selected users. Frequently, projects asserting the resolution of this trilemma may, to some extent, compromise decentralization.
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