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Ethereum’s Vitalik Buterin Says Blockchain Trilemma Is Being Overcome

At an ETH ChiangMai event, Ethereum founder Vitalik Buterin asserted that the scalability, security consensus, and decentralization challenge known as the blockchain trilemma is not a fixed limitation.

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Terms & Concepts
  • Blockchain Trilemma: A concept suggesting it is difficult for a blockchain to simultaneously achieve scalability, security consensus, and decentralization.
  • Decentralization: The distribution of network control across many participants, reducing reliance on a central authority.
  • Consensus: A process by which blockchain participants agree on the validity of transactions and the current state of the ledger.