The release of the blockchain 3.0 according to most people is coming late. Most have wondered, what happened to the 1.0 and 2.0. They are still in existence but they do not perform certain tasks. The first generation blockchain which happens to be Bitcoin, the 2nd generation is Ethereum and other top altcoins. The major flaw of the blockchain 1.0 and 2.0 is that they do not incorporate certain features at once.
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These functions or features are :
- Privacy
- Sustainability
- Interoperability
- Governance and
- High scalability.
The blockchain 1.0 and 2.0 do not incorporate all these functions as one, this has been their major flaw.
The adoption and use of the third generation seem to be breaking the dawn as it sets to offer these functions as one to ensure that they are able to adapt to the changing environment. In this article, we will discuss the top three blockchain 3.0 platforms based on their popularity and efficiency level.
They include :
(1) Cardano : this is a decentralized open source crypto platform that is fueled by it native crypto coin called "ADA". The third generation blockchain adopted by this platform will allow the platform handle smart contracts but it will be done in such a way that it has never been done before and would make it the most superior blockchain platform developed so far. The Cardano platform prides itself as one of the crypto platforms that were developed after extensive research was conducted and its Whitepaper was given to dozens of mathematicians to review before the platform was developed. The Cardano platform seeks to offer solutions to the problems that are facing blockchain technology, these problems include;
- governance
- interoperability
- sustainability and
- scalability.
(2) EOS : another issue that has been discussed ad nauseum is that of blockchain platforms allowing individuals to store and transfer large amounts of data. The EOS platform seeks to create a community of decentralized websites and software that will be powered by the blockchain technology. On the EOS platform, this community is called the "Decentralized Autonomous Community". This platform provides users with various required tools that will be used to create decentralized applications and smart contracts on their blockchain 3.0 which is fast, secure, private and most importantly can store huge amounts of data.
The ambitious roadmap of this platform is why it is still in development and experts are predicting that this platform if officially launched will greatly impact the crypto industry.
(3). Zilliqa: the developers of this blockchain based project have described it as the "next generation throughput high blockchain platform in existence". This is a third generation blockchain platform that seeks to solve the problems that are facing the first and second generation blockchain platforms. With the help of a technology called "Sharding", this platform can carry out 1000 transactions per second and can also handle smart contracts at the same speed.
This platform makes use of its native crypto coin called "Zilliqa" to run the economics of the blockchain and it also acts as the fuel that runs the network.
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I hope this new development impact the masses positive .
Thanks for the update @cryptoletter
I loved Cardano , thanks for the info ! +follow