an excellent Blockchain 4.0 project
Can you explain what this means?
Isn't Blockchain 6.0 currently in beta?
Today's Blockchain technology has undergone several iterations:
1)Blockchain 1.0-Cryptocurrency. In early 2009, the Bitcoin network was officially launched. As a virtual currency system, the total amount of bitcoin is defined by the network consensus protocol. No individual or institution can freely modify the supply and transaction records therein. The underlying technology of Bitcoin-the Blockchain is actually an extremely ingenious distributed shared ledger and peer-to-peer value transfer technology that has the potential to affect as much as the financial double entry book Invention.
2)Blockchain 2.0-Smart contracts. Around 2014, the industry began to recognize the important value of Blockchain technology and create a common technology platform and provide developers with BaaS (Blockchain as service) services, which greatly improve the transaction speed, reduce resource consumption and support multiple consensus algorithms such as PoW, PoS and DPoS and make DApp development easier.
3)Blockchain 3.0-Blockchain application extension. After 2015, with the rise of Blockchain 3.0 technology based on DAG data structures such as Byteball and IOTA, Blockchain systems are more efficient, scalable, highly interoperable, and have a better user experience than before. The application of Blockchain gradually extends to healthcare, IP rights, education, and materials. Broader applications such as networking, sharing economy, communications, social management, charity and charity, culture and entertainment.
4)Blockchain 4.0- Perfect ecosystem. Recently, the Blockchain 4.0 technology based on the HashNet data structure has gradually attracted the attention of the industry. The consensus algorithm based on the data structure can achieve a qualitative leap in transaction throughput and scalability. The Blockchain becomes the infrastructure of the industry and forms a perfect ecosystem based on the Blockchain. It will change people’s lifestyles extensively and profoundly.
