Solving the Blockchain Trilemma: The Power of Modular Blockchains
Discover how modular architectures can enable blockchains to be sovereign, scalable, and secure
🔒 The 3 Core Concepts of Blockchains
Blockchain projects focus on three fundamental ideas: decentralization, scalability, and security
Let’s look at what defines these aspects for a blockchain :
1. Decentralization
Decentralization is a key concept in blockchains, as it enables permissionless ownership and allows anyone to use and build on the platform. A group of nodes, rather than an individual node, approves transactions in a decentralized blockchain.
2. Scalability
Scalability refers to a blockchain's ability to handle an increasing number of transactions while keeping resource requirements for verification low. It is defined as the blockchain's throughput divided by its cost to verify.
3. Security
Security is just as important as scalability, as it prevents negative events such as attacks, bugs, and other unforeseen issues. Good blockchain use cases have been stifled in the past due to inadequate security measures, such as the infamous DAO attack.
🧩 The Blockchain Trilemma
Blockchains face a problem known as the "Blockchain Scalability Trilemma," as blockchain architectures must compromise one of decentralization, security, or scalability in order to provide solid guarantees for the other two.
🧱 A Solution: Modular Blockchains
One solution to the Blockchain Scalability Trilemma is to use modular architecture. By splitting up the processes of a blockchain among multiple specialized layers, a more optimal system can be created that is sovereign, scalable, and secure.
Advantages of Modular Blockchains
Modular blockchains offer several advantages, including customizability, sovereignty, and scalability. This is achieved through the principle of separation of concerns. They may represent a new paradigm that fundamentally alters the blockchain infrastructure, and offer a solution to the Blockchain Scalability Trilemma.
Celestia: A Modular Blockchain
Celestia is a modular consensus and data network that enables anyone to deploy their own blockchain with minimal overhead quickly. It modularizes the blockchain technology stack and unlocks new possibilities for decentralized app builders. Celestia is built to order and publish transactions, rather than executing them, by decoupling the consensus and application execution layers.
🕸 The Future of the Decentralized Web
The decentralized web is evolving from monolithic blockchains and siloed consensus layers to modular, application-specific chains with shared consensus layers.
This is similar to how web infrastructure evolved from on-premise servers to cloud servers. Whatever solution and implementation are chosen, users will be the ultimate winners in a modular future.
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