Blockchain 3.0 | Bitcointalksearch.org

Bitcoin2018

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FORK FROM ENTHUSIASTS, FOR THE COMMUNITY

Quote from: alko89 on February 14, 2018, 03:30:24 AM

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?

I thought that Ethereum 2.0

nullius

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If you don’t do PGP, you don’t do crypto!

Attention, hype-merchants and hype-addled fools alike: It is time for you to get schooled by a Jr. Member caught up in a random “Bitcoin Discussion” thread:

Quote from: alia on February 14, 2018, 06:47:39 AM

Muh blockchain! Muh decentralization! Bitcoin is old and broken!

You forget that bitcoin has:

1) The largest brand recognition
2) The largest merchant acceptance
3) The largest public/consumer acceptance
4) The largest regulatory acceptance
5) The world's highest hashrate, making it the most secure network there is (not vulnerable to a 51% attack)
6) Not controlled by a central body, no godlike deities who can dictate development procedures (ie. Vitalik Buterin)

Also, blockchain without currency is useless. And bitcoin is the best and most stable blockchain-based currency as of now.

/thread

madhavanmalolan

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I don't think Blockchain 3.0 is even a thing.
You can do a small exercise to replace Blockchain 3.0 with BS each time you see it.

Well, for blockchain 3.0 to happen, we first need to see blockchain 2.0

I don't think there has been any fundamental improvement over the bitcoin/blockchain technology that is definitively better than the one in use right now.
There are a bunch of other consensus mechanisms coming up, especially PoS and DPoS. But we are not yet at a point where we are better than the current systems.

We have only gotten to the stage where 1.0 works. We are a long while from 2.0. 3.0 ... ? Cheesy

nhanhzam

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Many people think bitcoin is blockchain 1.0 and ethereum is blockchain 2.0. But i think it is just the points they made to sell the coins which claim to be 2.0 or 3.0 to the people new to crypto, because it will sound like those coins are more advanced than bitcoin. But i tell you this:

Bitcoin maybe old, but it is one of the most well developed coins out there, and has been tested for the longest. If some crypto claims to be better than bitcoin or ether, or going to be the next bitcoin, look for the reason behind that claim. Is the tech that advanced? Is the idea realistic?

bestinvestor01

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Quote from: seoincorporation on February 14, 2018, 05:09:39 PM

Quote from: Moncerf on January 24, 2018, 11:06:48 AM

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 !

As far as I know, blockchain 3.0 is a bold project created in 2017 (not launched yet?), and pretends to be the next Blockchain (we can baptize bitcoin as the blockchain 1.0, Ethereum as 2.0 blockchain, and the one which is coming as 3.0 blockchain).
It is suppose to be faster, more stable, etc, for it is based in DAG networks instead UTXO. The velocity is supposed to be increased.

Is's (supposedly) going to be much friendly to small payments, because fees will become insignificant. The proposal is about making cryptocurrencies easier to manage in order to get more and more users, so if it goes well, maybe they accomplish their goal, and crypto will be used as current fiat to buy stuff, eat in a restaurant, & co.

And also, it pretends to be the new way of database. I believe it is similar as the internet 3.0, where everything is connected to the internet (as refrigerators, for instance).

You can see they pretend to create a hole new database system directly based on blockchain, instead of sql, and some other application:

https://s17.postimg.org/sq6d67clb/img.jpg
https://s17.postimg.org/sq6d67clb/img.jpg

So, if it works, blockchain will become much more useful to everyday life…

Blockchain will be grow every day and every weeks and years

seoincorporation

legendary

Activity: 3346

Merit: 3130

Quote from: Moncerf on January 24, 2018, 11:06:48 AM

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 !

As far as I know, blockchain 3.0 is a bold project created in 2017 (not launched yet?), and pretends to be the next Blockchain (we can baptize bitcoin as the blockchain 1.0, Ethereum as 2.0 blockchain, and the one which is coming as 3.0 blockchain).
It is suppose to be faster, more stable, etc, for it is based in DAG networks instead UTXO. The velocity is supposed to be increased.

Is's (supposedly) going to be much friendly to small payments, because fees will become insignificant. The proposal is about making cryptocurrencies easier to manage in order to get more and more users, so if it goes well, maybe they accomplish their goal, and crypto will be used as current fiat to buy stuff, eat in a restaurant, & co.

And also, it pretends to be the new way of database. I believe it is similar as the internet 3.0, where everything is connected to the internet (as refrigerators, for instance).

You can see they pretend to create a hole new database system directly based on blockchain, instead of sql, and some other application:

https://s17.postimg.org/sq6d67clb/img.jpg

So, if it works, blockchain will become much more useful to everyday life…

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: hoangloc19901 on February 14, 2018, 06:01:40 AM

I do not understand what blockchain 3.0 is. Can you explain me? Huh

It is the digested grass that comes out of the backside of a male cow. Wink

hoangloc19901

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I do not understand what blockchain 3.0 is. Can you explain me? Huh

Many Coins

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Lord Shiva

Quote from: DooMAD on January 24, 2018, 06:59:37 PM

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!

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

alko89

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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?

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

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.

dashis

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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.

Spendulus

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Quote from: Anti-Cen on January 25, 2018, 08:24:59 PM

....
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.

SHOP_

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Open eCommerce Protocol

"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.

cellard

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Quote from: stantpro on January 24, 2018, 11:25:07 AM

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.

Intellectual Romanticist

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TEU - bitcoin for shipping ICO: 15/Mar - 12/Apr

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

joshuaberkowitz

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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.

nikifffor

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Quote from: Colorblind on January 26, 2018, 03:50:44 AM

Quote from: Moncerf on January 24, 2018, 11:06:48 AM

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.

Colorblind

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Activity: 392

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This text is irrelevant

Quote from: Moncerf on January 24, 2018, 11:06:48 AM

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.

winwinmaimai

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Activity: 108

Merit: 10

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.

Topic: Blockchain 3.0 (Read 721 times)