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Author Topic: Blockchain 3.0  (Read 573 times)
Moncerf
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January 24, 2018, 04:06:48 PM
 #1

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 ..  Wink )

A lot of question, i know but thanks for your help !
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stantpro
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January 24, 2018, 04:25:07 PM
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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.
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January 24, 2018, 04:33:39 PM
 #3

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/

XTRABYTES - The Proof Of Signature Blockchain Revolution (https://xtrabytes.global)
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January 24, 2018, 11:59:37 PM
Merited by d5000 (1), suchmoon (1), nullius (1)
 #4

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.

sjyi
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January 25, 2018, 01:31:37 AM
 #5

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.

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January 25, 2018, 05:02:56 AM
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anyone can share more link about blockchain 3.0  I am newbie and want to read and learn it
Moncerf
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January 25, 2018, 11:23:57 AM
 #7

@doomad : ok thanks for the advice Wink
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January 26, 2018, 01:24:59 AM
 #8

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.

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.







Mining is CPU-wars and Intel, AMD like it nearly as much as big oil likes miners wasting electricity. Is this what mankind has come too.
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January 26, 2018, 08:36:54 AM
 #9

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.
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This text is irrelevant


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January 26, 2018, 08:50:44 AM
 #10

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 ..  Wink )

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


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.
nikifffor
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January 26, 2018, 03:41:40 PM
 #11

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 ..  Wink )

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


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.
joshuaberkowitz
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January 26, 2018, 05:35:21 PM
 #12

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.
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January 27, 2018, 07:06:00 AM
 #13

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

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cellard
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January 27, 2018, 04:32:26 PM
 #14

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.

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.
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February 11, 2018, 09:09:10 PM
 #15

"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.

Mainstream eCommerce protocol that leverages decentralization to provide incentives to brands and shoppers. Open sourced with APIs for Stripe, Shopify, and all the major shipping companies. Get your business on the blockchain and fight monopolistic middle men.
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February 13, 2018, 03:13:42 AM
 #16

....
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.

I've seen the drift of a number of your posts and encourage you in this development effort.
dashis
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February 13, 2018, 03:19:21 PM
 #17

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.
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February 13, 2018, 03:23:57 PM
 #18

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.  Smiley

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February 14, 2018, 08:30:24 AM
 #19

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?
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February 14, 2018, 09:27:39 AM
 #20

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 is absolutely true! Smiley

I'm a marketer)) and I defenitely know about it  Grin

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