Blockchain Trilemma

The Blockchain Trilemma describes the challenge of striking a balance between scalability, decentralization, and security in a blockchain network. Scalability refers to transaction speed and volume, decentralization pertains to the distribution of network nodes, and security concerns the integrity and resistance to compromise of the system. The Blockchain Trilemma posits that it is impossible to equally prioritize all three factors simultaneously, necessitating trade-offs. Blockchain technologists and entrepreneurs strive to address the trilemma more effectively in network design, updates, and applications.