Bitcoin Forum

Hi ,

I hear on several websites about the blockchain 3.0, do you know what is the difference witht the previous blockchains ?

What will be the impact on crypto using anterior version of blockchain 3.0 ?

What are the crypto using blockchain 3.0 (they maybe are the future ..  ;) )

A lot of question, i know but thanks for your help !

Who will be named Blockchain 3.0. Direct Acyclic Graph or DAG may be it.
DAG is a directed graph data structure that uses a topological ordering. The sequence can only go from earlier to later.
DAG is often applied to problems related to data processing, scheduling, finding the best route in navigation, and data compression.

Here is a nice article to read ->>> Blockchain 3.0 To Be More Developer Friendly - https://xtrabytes.today/additional-features/blockchain-3-0-developer-friendly/

Any project calling themselves "Blockchain 3.0" is immediately deducted credibility points.  A substantive description of what your coin actually does and the technology it utilises in the process is infinitely preferable to stupid marketing buzzwords and gimmicks that tell people absolutely nothing.  I could come up with any random idea and call it blockchain 3.0 or even 4.0.  It doesn't mean anything because so many idiots are using the same phrase for all sorts of different crapcoins because they want people to have the (usually completely misguided) impression that these coins are going to be the "next big thing".

It's just bullshit marketing jargon.  Please don't encourage it.

It sounds like people are getting confused (intentionally or unintentionally) about the concept of the blockchain and cryptocurrency implementation technology.

Perhaps a different naming could be cryptocurrency 1.0, 2.0, 3.0, etc...
But even that would be incorrect because higher revision number indicates the older version is being abandoned to support the new revision.

In the case of blockchain and cryptocurrency, the original version Bitcoin has been incrementally improving from 1.0 but still a dominant force and has not abandoned its base technology.

The market reporters using these revision numbers should really learn about the technology before throwing these terminology.

anyone can share more link about blockchain 3.0  I am newbie and want to read and learn it

@doomad : ok thanks for the advice ;)

Well i don't know if I can offer all them things but I think I have a revolutionary new concept that
I want to test out that uses Distributed Network Architecture (DNA) that will scale to spread the loads
across multiple servers (Not miners, not using any) that separates the network from the coins so it becomes
a bean counter as such much like ETH "smart contracts" offers to alt-coins so these coins become native to the network.

Wallets will need just one interface to hold various coin denominations but unlike Bitcoin that is real slim in terms of data size
per transaction at about 250 bytes this coin network will require double that amount per transaction and use "Gas" to pay for
hosting transaction server and will require a variable conversion rate between the currency and the price of "gas"

One node fits all (Like Bitcoin) is not going to work here and the coins network will require
1. Replicated DSN type address serves to host the backbone block-chain (approx size estimated)
2. Archive server that become redundant but added for safety and security
3. Transaction servers (Nodes groups providing redundancy)

I intend on skinning this project out myself and then reeving it up on a LAN to test it with 1-2 billion transaction and I have
been careful not to give too much away but I believe some middle ground between VISA and Bitcoin exists and maybe I have
the answer.

Blockchain 3.0 - Organized Activity
Outside of the financial sector, blockchain is also used in many unexpected out-of-the-box scenarios that we initially did not think of. As mentioned earlier, the recent Republican vote in Utah also uses blockchain technology.
Applying this technology clearly demonstrates the concept of "distributed ownership." When you create a "vote asset", it is added to the chain. You do not own the chain but you still own your property, that is, your ballot, and that ballot is a block in the chain. Therefore, every voter has a block in the chain. These blocks become permanent records of each individual's property and are invariably authenticated by the chain's consent.

I really don't like those undefined definitions and inconsistent terminology. I'm in crypto long enough and never saw universally accepted definition of Blockchain 1.0, 2.0 at the first place. That's why hearing about Blockchain 3.0 are calling for instant skepticism in me.

These are conditional names. Same as Internet 2.0, this means just improving existing technologies.

As in any software development it always better to pay attention additional features and fixes rather than a release number typically only relevant for developers. Just a general observation.

An interesting read, although I must say that I really cannot completely grasp this cause I am not a programmer.

Whereas DAG projects are interesting, they do not qualify as "blockchain 3.0". In fact, nothing qualifies as "blockchain 2.0". These projects have fatal flaws, including how they need "validators" of sorts in order to achieve consensus. Once again you introduce a problem while you are trying to solve that problem.

In order for something to be called "blockchain 2.0" or "bitcoin 2.0" for that matter, it must solve the byzantine general problems in a completely new way that doesn't add negatives and only positives compared to PoW: No such thing exists, therefore Bitcoin is still king and every coin attempting a flippening is a de-facto scam trying to steal your hard earned BTC from you.

"Blockchain 3.0" is a marketing premise not a technical one. We are still well within the realm of 1.0, no matter the technical implementation.

I've seen the drift of a number of your posts and encourage you in this development effort.

Blockchain is a type of DLT (Distributed Ledger Technology). DAGs that are used by Nano and IOTA are also DLTs, but they're not blockchains. Blockchain uses POW for transaction verification, which is not efficient and doesn't scale. POS introduces centralisation issues. Overall, I don't think that blockchain is an efficient DLT. I think the future of DLT will be something completely different than blockchain. Something with instant transactions like Nano and smart contracts like Ethereum.

I guess 3.0 sounds good. You could sell it as better than 2.0 and make more money. Even though we are not even at version 1.0 of the protocol.  :)

Blockchain as basicaly a linked list (https://en.wikipedia.org/wiki/Linked_list) anything else like DAG, should have a new name (Tangle at IOTA). Using the name Blockchain for a tree-like structure is misleading.

Also what is Blockchain 2.0?

It is absolutely true! :)

I'm a marketer)) and I defenitely know about it  ;D

I do not understand what blockchain 3.0 is. Can you explain me?  ???  ???

It is the digested grass that comes out of the backside of a male cow.  ;)

As far as I know, blockchain 3.0 is a bold project created in 2017 (not launched yet?), and pretends to be the next Blockchain (we can baptize bitcoin as the blockchain 1.0, Ethereum as 2.0 blockchain, and the one which is coming as 3.0 blockchain).
It is suppose to be faster, more stable, etc, for it is based in DAG networks instead UTXO. The velocity is supposed to be increased.

Is's (supposedly) going to be much friendly to small payments, because fees will become insignificant. The proposal is about making cryptocurrencies easier to manage in order to get more and more users, so if it goes well, maybe they accomplish their goal, and crypto will be used as current fiat to buy stuff, eat in a restaurant, & co.

And also, it pretends to be the new way of database. I believe it is similar as the internet 3.0, where everything is connected to the internet (as refrigerators, for instance).

You can see they pretend to create a hole new database system directly based on blockchain, instead of sql, and some other application:

https://s17.postimg.org/sq6d67clb/img.jpg
https://s17.postimg.org/sq6d67clb/img.jpg

So, if it works, blockchain will become much more  useful to everyday life…

Blockchain will be grow every day and every weeks and years

 ;D

Many people think bitcoin is blockchain 1.0 and ethereum is blockchain 2.0. But i think it is just the points they made to sell the coins which claim to be 2.0 or 3.0 to the people new to crypto, because it will sound like those coins are more advanced than bitcoin. But i tell you this:

Bitcoin maybe old, but it is one of the most well developed coins out there, and has been tested for the longest. If some crypto claims to be better than bitcoin or ether, or going to be the next bitcoin, look for the reason behind that claim. Is the tech that advanced? Is the idea realistic?  

I don't think Blockchain 3.0 is even a thing.
You can do a small exercise to replace Blockchain 3.0 with BS each time you see it.

Well, for blockchain 3.0 to happen, we first need to see blockchain 2.0

I don't think there has been any fundamental improvement over the bitcoin/blockchain technology that is definitively better than the one in use right now.
There are a bunch of other consensus mechanisms coming up, especially PoS and DPoS. But we are not yet at a point where we are better than the current systems.

We have only gotten to the stage where 1.0 works. We are a long while from 2.0. 3.0 ... ? :D

Attention, hype-merchants and hype-addled fools alike:  It is time for you to get schooled by a Jr. Member caught up in a random “Bitcoin Discussion” thread:


/thread

I thought that Ethereum 2.0