What is the Blockchain Trilemma? Today we go in depth answering this question, giving examples with some of the top projects by market cap in the crypto space Bitcoin, Ethereum and XRP… This is the key elements of what we cover:
-When Building a blockchain you have three main objectives: Decentralization, Speed & Privacy
-Most blockchains only successfully complete â…” of these objectives
Ex: Bitcoin chooses Decentralization and Security while XRP chose speed & security
Decentralization criteria: Running nodes, no centralized location, Token governance & Transparency
Speed criteria: Fast payments, Throughput, Cross chain oracles integration & Low Fees
Privacy criteria: Blockchain tech eg. Multi sig & hash technology
What project do you think solves this Blockchain Trilemma? What did I miss?