when you say 4th gen, what is the definition exactly?
Hi,
It is in the whitepaper page 3 to page 6
Il just copy in page 3, the whole whitepaper is on their web site.
"The pioneer of cryptocurrencies, Bitcoin, together with all its various clones and forks
based on Proof of Work algorithm for transaction validation, are considered first-generation
blockchains.
The second generation, with Ethereum leading the charge of smart-contracts-enabled
blockchains, is instead more heterogeneous, allowing easy tokenization of assets.
Both architectures have extremely low energy efficiency and medium-low block validation
speed and transactions per block.
Solving the scalability, speed, and energy consumption issues is the goal of third-generation
blockchain solutions, using different approaches and techniques like Proof of Stake
validation algorithm, off-chain routing, graph-chains, and complete or partial centralization.
The fourth generation is going far beyond this, achieving faster and more scalable solutions
and trying, at the same time, to become competitive from a business perspective;
simple chains of data are not flexible enough to fulfill corporate environment needs, in
which complex data structures need to be organized in tables (as in relational databases).
At the same time, those structures need to be validated and made immutable with blockchain-based
techniques, increasing traceability and security.
In other words, fourth generation blockchain brings this technology to a complete primary
production application, and expand current business-oriented offer in terms of data
storage, application decentralization, auditing, security, reliability.
Multiversum offers complex data organization instead of data sequencing, chain splitting
and rejoining to allow for greater scalability and parallelism, and the concept of Proof of
Integrity validation (i.e. cryptographic proof of server code) instead of existing Proof of
Work or Proof of Stake solutions.
Furthermore, Multiversum will feature ERC20/ERC23 integration, allowing coins and tokens
from other solutions to be hosted on our chain and vice-versa, with notary services
as an external confirmation method.
Meanwhile, together with these innovations, we are certainly going to make use of several
good solutions that our colleagues already implemented over time."
