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Source: SEBA Research
The blockchain trilemma refers to the fact that no blockchain has been able to optimise three qualities simultaneously, decentralisation, security, and scalability.
- Scalability
Scalability is the ability of the blockchain to accommodate a higher volume of transactions - Security
Security is the ability to protect the data held on the blockchain from different attacks or blockchain’s defence against double-spending - Decentralisation
Decentralisation is the redundancy in the network that makes sure fewer entities do not control the network
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I am faced with a bruising dilemma: pay to fix the dishwasher or continue serving everything in waffle cones.