LIVEThe Blockchain Trilemma and the Conflux Solution
Developers face a huge challenge when it comes to the blockchain trilemma. Traditional blockchain networks such as Bitcoin relied on a Proof of Work (PoW) consensus mechanism. While PoW provides strong security, it is known to be slow and resource intensive. On the other hand, new networks such as Ethereum have adopted Proof of Stake (PoS) to increase scalability and energy efficiency, but at the expense of decentralization.
In this situation, Conflux (CFX) emerges as a blockchain platform with a solution to this problem. Conflux solves the trilemma by adopting a hybrid consensus mechanism that combines the best aspects of PoW and PoS. By taking advantage of these two approaches, Conflux achieves remarkable levels of scalability, security, and decentralization. This is a breakthrough that demonstrates the possibility of achieving a harmonious balance in the world of blockchain technologies