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Token price

  • BTC

    14,539,165.8KRW

    9.3%

  • ETH

    380,637.1KRW

    5.6%

  • XRP

    538.8KRW

    0.3%

  • BCH

    550,280.7KRW

    0.5%

  • LTC

    152,390.0KRW

    -1.8%

  • EOS

    7,556.1KRW

    -8.0%

  • BNB

    40,967.9KRW

    -2.4%

  • BSV

    236,189.6KRW

    -13.4%

  • USDT

    1,158.9KRW

    0.6%

  • ADA

    112.7KRW

    2.7%

  • TRX

    41.6KRW

    -5.7%

  • XLM

    142.6KRW

    0.1%

  • XMR

    119,326.4KRW

    -7.9%

  • DASH

    202,196.3KRW

    -0.8%

  • NEO

    21,531.8KRW

    -2.7%

  • ETC

    10,362.9KRW

    -1.8%

  • XEM

    112.4KRW

    7.2%

  • ONT

    1,887.6KRW

    -5.9%

  • ZEC

    126,269.6KRW

    4.5%

  • XTZ

    1,300.1KRW

    4.4%

  • MKR

    850,699.8KRW

    -0.8%

  • BTG

    34,715.9KRW

    -3.6%

  • QTUM

    5,805.7KRW

    -2.3%

  • VET

    9.4KRW

    -10.1%

  • DOGE

    3.8KRW

    -0.6%

  • BAT

    358.0KRW

    -1.8%

  • OMG

    3,143.9KRW

    11.0%

  • USDC

    1,170.5KRW

    1.3%

  • DCR

    38,991.7KRW

    6.6%

  • BCD

    1,520.6KRW

    -0.5%

  • LSK

    2,357.2KRW

    0.5%

  • WAVES

    2,607.9KRW

    -2.2%

  • RVN

    66.5KRW

    -8.9%

  • NPXS

    1.1KRW

    -0.0%

  • TUSD

    1,169.7KRW

    1.3%

  • HC

    5,536.2KRW

    -22.3%

  • AOA

    35.6KRW

    4.9%

  • BCN

    1.3KRW

    9.3%

  • REP

    20,507.6KRW

    1.1%

  • ZRX

    375.2KRW

    -2.7%

  • BTS

    79.5KRW

    -0.7%

  • HT

    4,309.6KRW

    -0.1%

  • BTM

    212.7KRW

    -3.1%

  • BTM

    212.7KRW

    -3.1%

  • NANO

    1,587.1KRW

    -3.9%

  • MONA

    3,160.6KRW

    -3.9%

  • DGB

    16.5KRW

    -3.0%

  • ZIL

    21.5KRW

    -7.8%

  • ICX

    393.8KRW

    2.2%

  • IOST

    15.3KRW

    -4.0%

  • LINK

    485.1KRW

    2.0%

  • AE

    625.3KRW

    -3.1%

  • PAX

    1,169.9KRW

    1.3%

  • DENT

    2.3KRW

    -17.7%

  • KMD

    1,434.5KRW

    -7.0%

  • XVG

    10.1KRW

    -5.3%

  • SC

    3.8KRW

    -0.9%

  • KCS

    1,757.6KRW

    -8.4%

  • STEEM

    474.6KRW

    -0.4%

  • XIN

    319,973.2KRW

    9.5%

  • XIN

    319,973.2KRW

    9.5%

  • ARDR

    140.1KRW

    -0.9%

  • THETA

    144.7KRW

    -7.8%

  • INB

    357.3KRW

    -13.9%

  • SNT

    35.9KRW

    3.1%

  • ELF

    246.4KRW

    -7.1%

  • MAID

    253.9KRW

    1.0%

  • ENJ

    147.2KRW

    -5.9%

  • STRAT

    1,111.9KRW

    -1.6%

  • MCO

    6,968.8KRW

    -19.0%

  • GNT

    113.4KRW

    3.3%

  • XZC

    13,753.5KRW

    -6.5%

  • WAX

    103.6KRW

    -7.5%

  • DAI

    1,126.9KRW

    -2.4%

  • PAI

    57.9KRW

    -6.3%

  • PAI

    57.9KRW

    -6.3%

  • ELA

    5,153.4KRW

    8.9%

  • NEXO

    135.9KRW

    -4.8%

  • QNT

    7,667.7KRW

    -12.7%

  • WTC

    1,783.7KRW

    -0.1%

  • ODE

    321.3KRW

    -10.1%

  • CNX

    1,299.2KRW

    -7.5%

  • RDD

    2.5KRW

    -13.3%

  • LRC

    72.3KRW

    1.1%

  • LOOM

    79.8KRW

    -5.9%

  • ARK

    549.5KRW

    -5.2%

  • FCT

    6,328.5KRW

    -6.8%

  • REPO

    539.7KRW

    49.2%

  • R

    120.2KRW

    -2.7%

  • BNT

    933.0KRW

    2.7%

  • ETN

    5.7KRW

    -10.4%

  • POWR

    133.2KRW

    -1.4%

  • AION

    160.9KRW

    -1.1%

  • PPT

    931.7KRW

    -10.5%

  • PIVX

    815.9KRW

    -2.2%

  • POLY

    102.8KRW

    -2.9%

  • MOAC

    688.4KRW

    -1.7%

  • PAY

    257.3KRW

    -8.5%

  • COSM

    41.0KRW

    -8.1%

  • TTC

    126.5KRW

    2.8%

  • CPT

    9.2KRW

    -7.3%

  • GUSD

    1,161.6KRW

    0.3%

  • HUM

    0.5KRW

    -5.6%

  • LKY

    373.6KRW

    --%

  • AERGO

    179.0KRW

    -9.1%

  • ANT

    603.4KRW

    -2.2%

  • TEMCO

    4.2KRW

    -4.4%

  • PTON

    1.0KRW

    54.1%

  • ABL

    30.8KRW

    9.3%

  • MVL

    1.0KRW

    -1.6%

  • APIS

    1.2KRW

    -34.6%

  • VRA

    1.1KRW

    -7.3%

  • BAAS

    1.1KRW

    1.1%

  • AID

    19.3KRW

    10.4%

  • DCC

    0.8KRW

    --%

  • PUB

    1.7KRW

    51.6%

  • eDEL

    2.4KRW

    -0.7%

  • WET

    14.6KRW

    -20.6%

  • HORUS

    2.6KRW

    -25.2%

  • XRA

    11.6KRW

    12.6%

  • SEAL

    1.6KRW

    9.8%

  • KARMA

    0.2KRW

    1.3%

  • PUT

    12.5KRW

    -3.5%

  • KNT

    0.4KRW

    85.3%

  • NPER

    3.4KRW

    --%

  • IQ

    35.8KRW

    34.8%

  • RBTC

    14,487,528.0KRW

    9.0%

  • BLACK

    2.4KRW

    -29.8%

  • CET

    26.6KRW

    -9.4%

  • MEETONE

    4.4KRW

    -5.5%

  • RCD

    3.0KRW

    --%

  • MCC

    12.9KRW

    -5.1%

  • INC

    40.9KRW

    -7.8%

  • FNB

    235.1KRW

    -2.5%

  • BZKY

    0.4KRW

    362.8%

  • BORA

    59.1KRW

    -18.0%

  • CRE

    4.0KRW

    3.2%

Community

Public Chain: Come and Meet The Impossible Trinity

KuCoin Shares | 03.23| 97

While I was stuffed into a subway car this morning like a sardine, there was a moment where I felt like my spirit was squeezed from my body.

At this time, I am usually stuck in rush-hour traffic in my car, psychologically fretful but physically comfy, except for the fact that my car is currently in the garage for a quite severe scratch thanks to the driver, my colleague.

But at least no one got injured. Bad news is better than worse news.

Some people believe that ‘Bad news can be better than no news’ — headline of a New York Times article published on October 24th 2008.

“People who are mildly neurotic are stressed by uncertainty even more than by bad news,” the writer Roni Caryn Rabin wrote in the article.

Are passionate crypto traders “mildly neurotic”? I don’t know about others, but I prefer a fluctuating market over a quiet market.

The reason I bring this up is because a piece of news popped up yesterday morning saying that the 24-hour Ethereum on-chain transaction volume jumped by approximately 46% day-on-day, which, in itself, is not necessarily a bullish market indicator.

But, if we see it from a blockchain evangelist’s perspective rather than a crypto trader’s, could anyone blame a public chain for showing strong transactional activity?

Speaking of public chain, as I mentioned in the last post, I believe it is one of the verticals with the greatest potential. In general, it has a very bright future.

I suppose not many people understand the technology super thoroughly, so here are some tips that I apply, based on the frame of one theory — The Impossible Trinity.

Also known as The Trilemma, it was originally an economics theory which suggests that, due to mutual exclusivity, at most two of the following options could be met when making international monetary policy (China sacrifices the second option) — fixed currency exchange, free cross-border capital flow and autonomous monetary policy.

The blockchain world has derived its own impossible trinity:

a) Being strongly scalable.

b) Being fully decentralized;

c) Being perfectly secure;

Bitcoin and Ethereum are the most typical public chains with scalability issues. The former is holding up at 7 transactions per second (TPS), while the latter could double the number to 15 -20 TPS.

EOS performs much better in terms of scalability as it is able to process 1000 transactions in a blink. And yet, VISA’s TPS figure stands at an insurmountable 24,000, at least for now.

As for full decentralization, what do you think makes EOS’s TPS figure so much more impressive than Bitcoin’s and Ethereum’s?

Just as the name of the consensus EOS applies indicates — delegated proof-of-stake — while there are delegates, there also are mandators or voters, whatever you call them. It is technically not full decentralization.

Now, my negative example of security just perfectly proves the exclusivity. Zilliqa, with its sharding technology, successfully brings the TPS up to 2448. There’s not much dispute over it being decentralized either.

However, the basic concept of this technology is to divide the network into shards, which process the computing synchronously to achieve better efficiency.

A smaller-size network is naturally more vulnerable against DDoS attacks and double-spending attacks, among other threats. Thus, it must, on one hand, guarantee an acceptable computing efficiency while, on the other hand, make sure the shards include the most honest nodes possible to stand against the potential attacks.

Sorry, my bad. Enough for the dark side. My intention is to encourage you guys to keep your eyes on the donut, not the hole. There are always challenges, but there are also always solutions.

Plus, what is the satisfactory scalability of blockchain? Simply benchmarking VISA’s 24,000 TPS? Or a million-level TPS, the target (not vision) Vitalik set for Ethereum for the foreseeable future? Let’s say in the foreseeable future that the target is achieved and there are actually millions of deals being executed on chain. Is there a proper solution for mega data storage?

Technology never stops evolving and one can hardly hope for perfection.

Same for us, being just a crypto trader, we should know certain trading skills and tools; being a blockchain technology follower, we must keep absorbing updated knowledge.

I aim to be both. And you?


Public Chain: Come and Meet The Impossible Trinity was originally published in kucoinexchange on Medium, where people are continuing the conversation by highlighting and responding to this story.

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