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Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond
Fu, Yihang3; Jing, Mingwei1; Zhou, Jiaolun3; Wu, Peilin3; Wang, Ye2; Zhang, Luyao3,4; Hu, Chuang1,5
2024-12
Conference Name2024 IEEE International Conference on Metaverse Computing, Networking, and Applications (MetaCom)
Source PublicationProceedings - 2024 IEEE International Conference on Metaverse Computing, Networking, and Applications, MetaCom 2024
Pages97-104
Conference Date12-14 August 2024
Conference PlaceHong Kong, China
CountryChina
PublisherInstitute of Electrical and Electronics Engineers Inc.
Abstract

Blockchain technology is essential for the digital economy and metaverse, supporting applications from decentralized finance to virtual assets. However, its potential is constrained by the "Blockchain Trilemma,"which necessitates balancing decentralization, security, and scalability. This study evaluates and compares two leading proof-of-stake (PoS) systems, Algorand and Ethereum 2.0, against these critical metrics. Our research interprets existing indices to measure decentralization, evaluates scalability through transactional data, and assesses security by identifying potential vulnerabilities. Utilizing real-world data, we analyze each platform's strategies in a structured manner to understand their effectiveness in addressing trilemma challenges. The findings highlight each platform's strengths and propose general methodologies for evaluating key blockchain characteristics applicable to other systems. This research advances the understanding of blockchain technologies and their implications for the future digital economy. Data and code are available on GitHub as open source.

KeywordBenchmarking And Performance Study Blockchain Consensus Protocols Blockchain Protocol Analysis And Security Data Analytics On Blockchain Secure Smart Contracts Throughput And Scalability
DOI10.1109/MetaCom62920.2024.00028
URLView the original
Language英語English
Scopus ID2-s2.0-85211475274
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Citation statistics
Document TypeConference paper
CollectionFaculty of Science and Technology
DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE
Corresponding AuthorZhang, Luyao; Hu, Chuang
Affiliation1.Wuhan Unversity, Wuhan, 430072, China
2.University of Macau, Macao
3.Duke Kunshan University, Suzhou, 215316, China
4.Duke Kunshan University (DKU), Data Science Research Center and Social Science Division, China
5.Wuhan University (WHU), Department of Computer Science, China
Recommended Citation
GB/T 7714
Fu, Yihang,Jing, Mingwei,Zhou, Jiaolun,et al. Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond[C]:Institute of Electrical and Electronics Engineers Inc., 2024, 97-104.
APA Fu, Yihang., Jing, Mingwei., Zhou, Jiaolun., Wu, Peilin., Wang, Ye., Zhang, Luyao., & Hu, Chuang (2024). Quantifying the Blockchain Trilemma: A Comparative Analysis of Algorand, Ethereum 2.0, and Beyond. Proceedings - 2024 IEEE International Conference on Metaverse Computing, Networking, and Applications, MetaCom 2024, 97-104.
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