Optimizations within the trilemma

GoChain is a platform trying to tackle the problems of the Ethereum network. When it comes to examine a blockchain GoChain has the following three main issues in mind: DECENTRALIZATION – SPEED – ENERGY CONSUMPTION

Every cryptoeconomics student in his first few lessons knows that blockchains try to optimize across three different axes: DECENTRALIZATION – SCALABILITY – SECURITY. Part of the trilemma is that when an optimization of one of those takes place, it might be at the expense of the other two. The easiest way to maximize scalability is by shortening decentralization and security. It is very difficult to optimize without any offsets. Bitcoin e.g. prefers decentralization over scalability, i.e., in order to achieve scale while maintaining decentralization and the security model without reducing decentralization one has to look at solutions that include second and third layers. If one switches to that other alternative algorithm, alternative mining scheme, alternative blockchain or alternative consensus algorithm, compromises must be made. It may not be possible to achieve all of those three simultaneously. Choices may have side effects and if one specializes in one niche, one chooses it over others and is not able to do both effectively: The lion and the shark

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Which tradeoffs are worth making? Optimizing decentralization and speed at the same time, leads to questions of security robustness and censorship resistance. Unfortunately, the compromises are often just stored out of sight, but not in the GoChain whitepaper:

GoChain will also add additional security features
such as whitelists to protect access to contracts to minimize attack risk. (p.20)

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Roman Kononov, Sr. Software Engineer: Roman has 12 years of experience developing software and leading engineering teams. He also has extensive knowledge and experience with cyber security, helping companies protect themselves from threats. Roman holds a Master's degree in Computer Science.

At the beginning indeed Vitalik’s trilemma is mentioned and security aspects are included in the GoChain whitepaper, but further details regarding security could be deepened for the public in articles of the GoChain medium account, the github, reddit, bitcoin talk, twitter, or crunchbase accounts. Only the facebook account has recently mentioned that the Ethereum system itself has this particular lack of security. This is where social media strategists could come into play to communicate the decisive separation processes of the GoChain itself from Ethereum!

Carving a sharp line between Ethereum and GoChain is highly welcome. Hopefully my submission will initiate a deeper and zooning discussion of security in the telegram groups, at least that the trilemma is real and could be better accommodated by Gochain than by further Ethereum developments and adjustments. The problems Gochain is understandably referring to are Ethereum's speed and decentralization aspects. However, smart contracts are only as good and reliable as their creators, nevertheless Ethereum is well known for flexible, rich and expressive programming through its smart contract already strong existing ecosystem (e.g. in contrast to Bitcoin). There is room for Ethereum to improve. GoChain however is evolving out of/still within Ethereum's ecosystem, it can undoubtedly position itself as the disruptor on the altcoin-stage

ETHEREUM
10x more decentralized
100 x faster
1000x greener