Why do people call Bitcoin is blockchain 1.0?

[bachanhlac]

I'm search many thing about BTC on this Internet. And i see many people call BTC is blockchain 1.0. Why do people call Bitcoin is blockchain 1.0?
What is blockchain 1.0? And now, What is version of blockchain?

[player514]

I'm search many thing about BTC on this Internet. And i see many people call BTC is blockchain 1.0. Why do people call Bitcoin is blockchain 1.0?
What is blockchain 1.0? And now, What is version of blockchain?

This is a good article to read for this question: https://thoughtblotterr.wordpress.com/2016/04/25/blockchain-1-0-how-bitcoin-works/

Essentially, blockchain 1.0 is Bitcoin. To delve deeper into it, it's the cryptocurrency implementation that's related to cash and transferring money.

Blockchain 2.0 has to do with contracts, think Ethereum.

Beyond that I'm not too sure, but I think Blockchain 3.0 refers to the altcoins in different parts of the world, so they're applications of blockchain technology in many fields.

[rodalutor]

I'm search many thing about BTC on this Internet. And i see many people call BTC is blockchain 1.0. Why do people call Bitcoin is blockchain 1.0?
What is blockchain 1.0? And now, What is version of blockchain?

This is a good article to read for this question: https://thoughtblotterr.wordpress.com/2016/04/25/blockchain-1-0-how-bitcoin-works/

Essentially, blockchain 1.0 is Bitcoin. To delve deeper into it, it's the cryptocurrency implementation that's related to cash and transferring money.

Blockchain 2.0 has to do with contracts, think Ethereum.

Beyond that I'm not too sure, but I think Blockchain 3.0 refers to the altcoins in different parts of the world, so they're applications of blockchain technology in many fields.

Blockchain 3.0 is about building decentralized blockchain appplications (dapps). Here's an article on ArcBlock which many consider to be one of the leaders in blockchain 3.0 technology. 3.0 is still a little ways off as none have effectively developed it and proved it yet.

https://www.inc.com/arcblock/blockchain-is-just-around-the-corner-why-this-matters.html