in

Is safemoon an exception to The Blockchain Trilemma?

“The blockchain trilemma was conceptualized by Ethereum founder Vitalik Buterim in 2016 and it states that a cryptocurrency can only be two of the following three things, scalable, decentralized, and/or secure.”

Through the course of my research I’ve found Safemoon to be all three. Do you all agree or disagree and why?

For reference:

“Scalability refers to a cryptocurrency’s ability to maintain its performance, even with millions of users and transactions. For the purposes of this post, let’s just say that scalability is synonymous with speed.

Decentralization is where you have hundreds or even millions of unrelated computers around the world verifying and processing cryptocurrency transactions. If you’re wondering why decentralization is important, I’ll just show you this headline from 2018, when the 21 validators on EOS froze 7 wallets on its blockchain.

Security is pretty self-explanatory. This includes stuff like a cryptocurrency consensus mechanism and the encryption of its code.”

Credits to original article: https://medium.com/coinmonks/fastest-cryptocurrencies-blockchain-speed-101-8368071a11a7

Edit: more info

What do you think?

10 Points
Upvote Downvote

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

3 Comments

  1. PSA: Please familiarize yourself with the subreddit [rules](https://www.reddit.com/r/SafeMoon/about/rules/) and [FAQ](https://www.reddit.com/r/SafeMoon/wiki/index#wiki_frequently_asked_questions).

    – Don’t promote “pump” events or market manipulation
    – Don’t harass others, including public figures and exchanges
    – Please be helpful, friendly, and respectful
    – Your actions reflect on the entire community

    WARNING: **Never give out your wallet passphrase for any reason.** Be _very_ suspicious of all URLs, emails, forms, and direct messages. If someone claims to be from “support” they are trying to scam you. If someone claims you need to “validate” they are trying to scam you. Do not disclose your assets.

    *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/SafeMoon) if you have any questions or concerns.*

[Important] My letter to start-up investors