Blockchain Trilemma....#008
In the ongoing discussion of blockchain trillema I will be writing on this today in continuing the subject of blockchain trillema.
Last time I was talking about the knowledge of trillema it's advantages, the advantage of the knowledge of the blockchain trillema and the benefits that comes from having or being informed of the trillema, I will be continuing on that on this post.
Advantage Of Knowledge Of The Trillema
Research and Innovation: Because of knowledge of trillema it brings about research and innovation in the blockchain network as developers will be continually looking for ways to improve the chain.
Blockchain developers because of being aware of the trillema are able of look for ways to check how the blockchain could be improved on especially the matter of scalability without putting the security of the blockchain at risk or jeopardizing the blockchain decentralization.
When this is done it leads to development of the blockchain scaling solutions thereby making the blockchain more efficient and reliable to handle transactions.
User Choice: The trillema is also helpful as it gives alternative choice to businesses as well as various users as they will be presented with the opportunity to choose their blockchain of choice.
Users are able to select or choose the blockchain they feel is most suitable with their respective needs on what it is they are looking for whether security or transaction speed.
When one desire a certain level of trust from a blockchain or in matters of performance or decentralization they are easily able to select a chain that perfectly aligns with their choice because of the trillema knowledge.
Risk Mitigation:The trillema helps in seeing any potential danger or risk related to trade-offs and enable us to manage this risk accordingly by mitigating any potential risks.
Knowledge of trillema helps us to really grasp or gain a perfect understanding of the limitations or where any chain falls short so we know how to navigate our way through depending on our needs.
When we understand clearly the risk associated with a particular system it helps us take needed steps to address this limitations so it doesn't become a hindrance to us from what we are wanting to achieve.
Better Communication: The trillema help facilitate communication when the trade-offs become the subject topic which is the sacrifice each blockchain has to make and what features it's available and the one that is not.
In every thing or aspect of life communication is always a key or necessary how much more in the area of a sophisticated technology like the blockchain system.
When it comes to development of a complex system corroboration between various stakeholders is necessary which is fostered by communication to enhance productive design and operation of the system.
Conclusion
It necessary for anyone who is coming into crypto space to be aware of the trillema especially those who wish to eventually become developers or build on a blockchain so they are not ignorant before making a very crucial decision, hence the issue of trillema needs to be necessary even a public knowledge for everyone coming to this space.
https://twitter.com/frank_anayo/status/1717929268934513003?t=FQ7WUq3_tuLvnK__JX_XGA&s=19