The Blockchain Trilemma and Its Impact on the European Blockchain Market

The Blockchain Trilemma and Its Impact on the European Blockchain Market

  • December 2020 •
  • 12 pages •
  • Report ID: 5999363 •
  • Format: PDF
This IDC Market Perspective discusses the blockchain trilemma. DLT creators must manage a careful balancing act between decentralization, scalability, and security. This document looks at the advantages and disadvantages of maximizing each of these three properties. It also provides a useful framework to compare DLTs with each other and discusses how DLT developers' choices are strongly influenced by popular use cases. " Looking at the entire DLT landscape, we see that there has been focus on improving scalability and gradual movement away from platforms that maximize decentralization. These trends are understandable as early DLTs were far too slow for commercial use. However, decentralization is also a vital component of the technology and should not be overlooked.," aid Radoslav Dragov, senior research analyst for European Customer Insights and Analysis and European Blockchain lead.