Scaling Trilemma
What is the blockchain trilemma?
Security
Blockchain security is deeply influenced by the network's architectural choices, particularly in the distribution and number of nodes.
Node Distribution
Centralized node distribution increases vulnerability to attacks, while a decentralized network enhances security. Fewer, geographically concentrated nodes make the network more susceptible to a 51% attack, where attackers gain majority control.
Number of Nodes
It's crucial to find a balance between network efficiency and sufficient node distribution to maintain security. Increasing throughput might lead to fewer nodes to manage data flow that would reduce the network's resistance to attacks.
Practices
- Strive for a distributed architecture to prevent concentrated control and enhance security.
- Implement and frequently update advanced security protocols.
- Provide incentives for a broader node distribution to strengthen network security.
- Continuously monitor network activity for signs of security breaches.
Decentralization
How important is decentralisation?
How decentralised is Web3 in reality?
What are acceptable trade offs with decentralised architecture?
- What are the risks of decentralisation? Who is addressing those?
- How can you tell how decentralised a Web3 app is?
- Do people really care about decentralisation?
- Who are the big players that dominate the centralised decentralised world?
Scalability
Scalability refers to how much a network can grow in the future while maintaining the same sort of transaction speed and output.
Scalability and decentralization tag-teaming up tends to compromise security, while security restricts changes that allow the decentralized network to scale. Why? Well, basically because decentralized networks take a bit of work to operate and it makes scaling a little difficult.
Protocols
Which protocols are leading the way in solving the trilemma?