What are the trade-offs between security scalability and decentralization in consensus mechanisms?
In consensus mechanisms, there are trade-offs between security, scalability, and decentralization. Security ensures that transactions are secure and valid, scalability refers to the ability to handle increasing transaction volumes, and decentralization aims to distribute control among network participants. However, optimizing one aspect may come at the cost of others, leading to complex decisions in consensus mechanisms.
March 19, 2024