Taraxa Consensus (1/5): Single chain’s tough trade-offs.

September 10, 2020 Blog No Comments »

By Steven Pu.

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Speed vs. Security — which one do you want?

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Throughput is usually measured in TPS

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Miners decide which block to “bet” on to become the longest chain

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Blockchain isn’t a chain, more like a tree, with branches being discarded constantly

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Can more blocks increase throughput?

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Can bigger blocks increase throughput?

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“Secure High-Rate Transaction Processing in Bitcoin”, Sompolinsky and Zohar

 

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