The blockchain trilemma is a concept coined by Vitalik Buterin that proposes a set of three main issues that developers encounter when building blockchains. More often than not, creators are forced to sacrifice one ‘aspect’ for the sake of the other two. Decentralization: Rather than being managed by a single entity, blockchains distribute control over the network equally to all participants. Security: Blockchain networks should have ironclad defenses that prevent malicious entities from taking over. Scalability: Blockchains should support an enormous number of transactions and users without faltering by increasing fees and transaction times. For some in the industry, achieving all three aspects is an impossible feat that will never be done, at least in the near future. However, there are still ambitious developers who believe that blockchain networks can have all three and then some.
Ethereum is the most decentralized and secure blockchain ever, but it has become too expensive and slow. On the other hand with Binance Smart Chain, you can’t avoid obvious ‘corporate chain’ trade-offs: centralization, the shady process of validation, suspiciously low fees. Other blockchains, such as Houbi Eco Chain And Matic, are born and constantly growing to bring solutions to the problems with the two largest smart-contract-based chains. There is not a winner, each of them is valid for some reason or other, and investors move their capital by choosing the one that fits better their ideologies and needs.
But when it comes to a new project and its sale phase, the similarity of the blockchains and the single-chain limit make it limited to having to choose which chain to base its work on, giving up the benefits of a Multi Chain based sale and also limiting investment opportunities for people on other blockchains.
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