A Solution to the Blockchain Trilemma?
February 3, 2020
Struggling to deliver a blockchain application which is decentralized, secure, and scalable? A solution may have been developed. Navigate to “Ex-Microsoft Researcher Says He’s Solved the Blockchain Scalability Problem.” Despite the hype about blockchain, there’s a problem mixed with the promise:
…It says that it’s easy to have a blockchain with two of three key attributes: decentralization, security, and scalability. What’s difficult is getting all three; so far, cranking up the volume has always meant sacrificing on another.
The alleged solution comes from Asensys, led by former Microsoft lead researcher JiaPing Wang. The alleged solution is avoiding “going off-chain or sharding transactions.” The idea is to eliminate duplicative processes:
instead spreading the workload across the entire network by creating multiple “zones” within it that work independently and asynchronously.
For now, this is a work in progress. And those marketing assurances about decentralization, security, and scalability? Yeah, right.
Stephen E Arnold, February 3, 2020
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