Blockchain Trilemma
The blockchain trilemma refers to the challenge of balancing three important factors in blockchain technology: decentralization (how distributed the control is), security (how safe the network is from attacks), and scalability (how well the network can handle a growing number of users and transactions).
More terms under B
- Blockchain Mutual CreditBlockchain mutual credit is a system that allows people to create stable cryptocurrencies based on a network where multiple parties can trade goods and…
- Blockchain Transmission Protocol (BTP)Blockchain Transmission Protocol (BTP) allows different blockchains to work together as a secure, decentralized system by safely linking their transactions…
- Blockchain TribalismBlockchain tribalism is when people in the cryptocurrency community strongly support a specific blockchain or cryptocurrency, often leading to a sense of…
- Blockchain-As-a-Service (BaaS)Blockchain-As-a-Service (BaaS) allows businesses to use blockchain technology without having to build and manage their own blockchain system.
- Blockchain-Enabled Smart LocksBlockchain-enabled smart locks are secure locks that can be controlled through a digital contract on the blockchain. They can be locked or unlocked based on…
- BlockweaveBlockweave is a way to store data that uses a special type of structure similar to blockchain. Each block is connected not only to the one before it but also…
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.