Decoding the Blockchain Trilemma

The blockchain trilemma has been bothering the blockchain industry for some time now. The trilemma arises due to the blockchain’s inability to achieve a harmonious co-existence of three essential features – security, scalability and decentralization. Bitcoin and Ethereum, the two leading cryptocurrencies, have also not been able to achieve it. While they excel in providing decentralization and security, they lag when it comes to scalability.

So what hinders the three core elements from coming together? We familiarise you with the concept of ‘blockchain trilemma’, a term that was coined by Ethereum founder Vitalik Buterin.