The Blockchain Trilemma Explained - Easy To Understand Explanation of The Blockchain Trilemma

The Blockchain Trilemma Explained - Easy To Understand Explanation of The Blockchain Trilemma

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Since its birth with the creation of Bitcoin back in 2009, blockchain technology has rested on the pillars of decentralization, security, and scalability. These blockchain features work together to produce and sustain a viable network. But there’s a problem with these pillars. A concept coined by Ethereum founder, Vitalik Buterin, proposes that one of them must be sacrificed as a trade-off to accommodate the other two. Today, we’re taking a look at the blockchain trilemma.

In today’s video, we’re breaking down the blockchain trilemma. We’ll examine the 3 pillars in depth, and talk about some possible solutions. There’s a lot to cover, so let’s get into it.

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