The Blockchain Trilemma
How Does CIC Chain solve the blockchain trilemma?
Last updated
How Does CIC Chain solve the blockchain trilemma?
Last updated
In the past, it has been a common misconception that it is simply not possible to solve all three elements of the blockchain trilemma, without making sacrifices in at least one area. The three elements of the trilemma are:
Security
Scalability
Decentralization
The CIC Chain represents a significant advancement in the field of blockchain technology, owing to its unique architectural framework. With a focus on security, scalability, and decentralization, CIC Chain sets itself apart from traditional blockchain platforms.
In terms of Security, the CIC Chain utilizes a range of features to ensure that its architecture remains impenetrable. The Imprism consensus mechanism, for example, refracts data into smaller chunks, making it significantly more difficult to hack, if that was possible. Additionally, CIC Chain is unhackable and unforkable, thanks to its robust governance DAO and permission layer. The community participants govern the permission layer, ensuring that the system remains decentralized and secure.
CIC Chain was also built with Scalability in mind. Its unique consensus mechanism, combined with Apache Kafka and Kubernetes data clusters, means that it can easily handle mass adoption. Even if the network becomes congested, CIC Chain can self-heal and maintain a stable bridge between the two ends of a transaction.
Finally, CIC Chain represents a new era of Decentralization. The platform changes the way decentralization is done, with validators responsible solely for the upkeep of the chain. CIC Labs hold more than the minimum number of validators to ensure that the chain remains active at all times. With Byzantine Fault Tolerance, the chain can continue to function even if some validators fail. Decentralization governance is conducted at the address level on CIC Chain, using the governance DAO. Anybody with 1000+ CIC can participate in the DAO, and all users receive one vote, regardless of the amount of CIC they hold. The DAO elects new validators, ensuring that trusted independent wallets/users are responsible for maintaining the validation process. Overall, the CIC Chain represents a significant step forward in blockchain technology, providing a democratic governance system that prevents any insiders from having control over the network's operations.
