University of Twente Student Theses
Decentralization, Scalability, and Security Trade-off in Blockchain System: Comparison on Different Approaches
Halim, Ricco (2022) Decentralization, Scalability, and Security Trade-off in Blockchain System: Comparison on Different Approaches.
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| Abstract: | With all the features and benefits it brings, blockchain technology has gained popularity in various industries and businesses sector in this modern day. This wide-used adoption has left researchers and technical developers with some challenges to optimize the blockchain structure in general. One well-known problem involves the state of decentralization, scalability, and security of the blockchain itself, which is further termed as a blockchain trilemma. The problem exists as trade-offs are usually taken place, preventing a blockchain to have a fully maximized state of decentralization, scalability, and security simultaneously. Various approaches and ideas have been formulated to overcome the mentioned trade-off. This paper aims to investigate and view the work done by other researchers regarding the mentioned trilemma. A taxonomy and comparison of blockchain solutions to achieve the trade-off between the trilemma will also be done and a conclusion to be drawn. |
| Item Type: | Essay (Bachelor) |
| Faculty: | EEMCS: Electrical Engineering, Mathematics and Computer Science |
| Subject: | 54 computer science |
| Programme: | Computer Science BSc (56964) |
| Link to this item: | https://purl.utwente.nl/essays/91994 |
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