Hacker Noon February 19, 2020
Solving the Blockchain Trilemma to Unlock Real Business Value.
Hailed as the revolutionary technology at the dawn of a new internet age, blockchain has been touted as the technology that will bring us the Web 3.0. This technology has lofty ambitions—pledging to change the way people and businesses operate online by delivering on the elusive trinity of boundless scalability, uncompromising security, and full decentralization.
But alas, the blockchain promise has thus far been unfulfilled.
The perfect balance of scalability, security and decentralization have failed to materialize concurrently. In fact, this “blockchain trilemma” has emerged as the greatest obstacle to blockchain’s growth and ultimate future. The trilemma describes the concept that either decentralization or security must be sacrificed to achieve...
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