Crypto Terms: Letter B

What is Blockchain Trilemma?

Blockchain Trilemma MEANING:
Blockchain Trilemma - an idea that discusses the problems of security, decentralization, and ease of use.
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Let's find out Blockchain Trilemma meaning, definition in crypto, what is Blockchain Trilemma, and all other detailed facts.

The blockchain trilemma idea was invented by Vitalik Buterin. It emphasizes the major issues of security, decentralization, and ease of use. Developers are the ones that run across these issues when creating blockchains, which means they generally have to select one problem to ignore while focusing on the other two.

According to the CAP theorem, which was devised in the 1980s, by computer scientists, decentralized data storage - of which blockchain is one implementation - can only give two of three assurances at the same time. These are consistency, availability, and partition tolerance. As a result, many people believe that blockchains must give up one of the three.

Many people also assume that controlling the three factors is unattainable and will never be accomplished. Nonetheless, this does not deter ambitious engineers who believe that blockchain networks can include all three and much more.

Furthermore, the never-ending evolution of the decentralized environment resulted in Layer-1 and Layer-2 solutions that eventually addressed the trilemma, alongside the emergence of Proof-of-Stake in the blockchain. Therefore, blockchain networks should have unchangeable protection to avoid fraudsters from gaining control.

Rather than being administered by a single organization, blockchains spread network control fairly among all members. Likewise, blockchains should be able to sustain a large number of transactions and participants without experiencing bottlenecks due to increased fees and transaction delays.