Cartoon: Trilemma
One of the key challenges in blockchain projects is dealing with the “trilemma” challenge: how to develop technology that is scalable, decentralized and secure, without any element being diminished. For example, Bitcoin is both decentralized and secure, but critics have historically argued that it is not scalable.
Luckily, Layer Two solutions are currently working to solve Bitcoin’s scalability restraints and put an end to the Bitcoin trilemma.
The post Cartoon: Trilemma appeared first on Bitcoin Magazine.
Related Posts
Dutch Central Bank Forced To Backpedal On Bitcoin Address Verification Procedures After Court Ruling
The Dutch Central Bank has lost a legal battle over its uninformed and bureaucratic bitcoin address verification requirements.Bitonic, the oldest Bitcoin exchange in the Netherlands, recently had its day in court with the Dutch Central Bank (DCB). At issue was the legitimacy of DCB’s mandate that Bitonic (and other Bitcoin exchanges and custodians operating in…
Bitcoin Miners Brought In $56 Million Per Day In April
Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever.The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up for…
Bitcoin Optech #154: Universal Transaction RBF And Taproot
This week’s newsletter discusses universal transaction replacement by fee, and includes the first post in a Taproot preparation series.The Bitcoin Optech newsletter provides readers with a top-level summary of the most important technical news happening in Bitcoin, along with resources that help them learn more. To help our readers stay up-to-date with Bitcoin, we're republishing…
Soteria To Launch Bitcoin-Backed, USD-Pegged Stablecoin
Soteria has announced the forthcoming launch of USDS, a USD-pegged stablecoin that is 100 percent backed by bitcoin, meaning that users can issue or redeem it in exchange for BTC. Testing of the product has concluded and Soteria expects to launch it in the near future. Stablecoins are digital currencies built to retain stable value,…
We Need In-Kind Redemptions For The Spot Bitcoin ETFs
Follow Frank on X. On a recent episode of the Coinage podcast, guest SEC Commissioner Hester Peirce said that she is open to reconsidering in-kind redemptions for spot bitcoin ETFs. (For those who aren’t familiar with the term “in-kind redemption,” it refers to the ability to withdraw the bitcoin you’ve purchased via an ETF into
At $1 Trillion BTC Market Cap, MicroStrategy Completes $1.05 Billion Raise
Software intelligence firm MicroStrategy netted more than $1 billion from its latest convertible notes offering.This article and headline were updated on February 19, 2021. As Bitcoin hit new all-time price highs over $53,000 and the asset’s market capitalization passed $1 trillion, MicroStrategy CEO Michael Saylor announced on Twitter that his company closed out its convertible…
Is The Fight For US Dollar Hegemony A Lost Cause?
The expansionary behavior of the United States hasn’t stopped with other countries adopting bitcoin. The U.S. will do whatever it takes to protect the dollar.This is an opinion editorial by Pierre Corbin, the producer and director of “The Great Reset And The Rise of Bitcoin” documentary.In the 18th century, the Dutch introduced the concept of…
In First Half of 2018, Japan Counts $540 Million Lost to Crypto Thefts
When Tokyo-based Mt. Gox got hacked to the tune of 650,000 bitcoin in 2014, Japan learned early on the tough lessons of cryptocurrency theft. Yet, to this day, despite the country’s ongoing efforts to educate investors and ramp up oversight of crypto exchanges, it still feels the sting of hackers. On September 20, 2018, on…