Part 4/10:
The trade-offs in blockchain development are captured in the concept of the blockchain trilemma, which posits that one can only effectively optimize for two of the three cornerstones: decentralization, security, and scalability. Bitcoin, for example, demonstrates an exceptionally decentralized and secure system but struggles with high scalability. Conversely, other platforms like Binance Smart Chain optimize for speed and low fees but sacrifice decentralization and trust, as the system is largely controlled by a central entity.
In Solana's case, while it boasts speed and low fees (with transactions costing mere fractions of a penny), the critical question remains: how does it manage to achieve this while maintaining the fundamental aspects of decentralization and security?