The Three Generations of Blockchain
1st: The Bitcoin Blockchain, 2nd: Ethereum, 3rd…
Blockchains come in generations. The first generation Blockchain was the Bitcoin Blockchain, native environment of the BTC coin, the worlds largest and most famous cryptocurrency.
Being first generation and the first every practical implementation of a decentralised system like this, the works of the cryptic Satoshi Nakamoto only allowed users to perform transactions and nothing else.
The Bitcoin Blockchain was only tough for sending value from Bob to Alice, Marta to Luis, or anybody else that was willing to connect to it. If those users later decided to keep their BTC in the safe and secure Blockchain, therefore using it as a store of value was a whole different story.
Seeing the power of this decentralised, distributed technology, three adventurous gentleman, guided by Vitalik Buterin, developed the second generation of Blockchain: Gavin Wood (now main visible head of the Polkadot project and the Web3 foundation), Charles Hoskinson (main architect of the Cardano project and CEO of IOHK), and Vitalik Buterin (the geeky looking smart ass kid that you’ve…
