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What Is Blockweave?
Blockweaves address the "blockchain trilemma" by employing a directed acyclic graph (DAG) data structure, enabling parallel transaction processing and enhanced scalability while maintaining decentralization and security.
Nov 02, 2024 at 12:28 pm
What is Blockweave?
A blockweave is a type of distributed ledger that solves the problem of the blockchain trilemma: security, scalability, and decentralization. The blockchain trilemma is the idea that it is impossible to have a blockchain that is secure, scalable, and decentralized at the same time.
Blockchains are secure because they are resistant to tampering. Scalability is the number of transactions that a blockchain can process per second. Decentralization is the extent to which a blockchain is controlled by a single entity.
Most blockchains are either secure and decentralized but not scalable, or scalable and decentralized but not secure. Blockchains can only be secure and scalable or decentralized but not all three at the same time.
Blockweaves solve the blockchain trilemma by using a different data structure than blockchains. Blockchains use a linked list, while blockweaves use a directed acyclic graph (DAG).
A DAG is a data structure that allows for multiple transactions to be processed in parallel. This makes blockweaves more scalable than blockchains.
Blockweaves are also more decentralized than blockchains because they do not have a single point of failure. If one node in a blockweave goes down, the other nodes can still continue to process transactions.
Blockweaves are a promising new technology that has the potential to revolutionize the way we think about distributed ledgers. They offer a way to have a blockchain that is secure, scalable, and decentralized at the same time.
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