📌 If Bitcoin is Cryptocurrency 1.0 and Ethereum is Cryptocurrency 2.0, which is the Cryptocurrency 3.0?
#Blockchain_Intresting_Facts
🔹 Well, Cryptocurrency 3.0 will be the services and infrastructure built on top of blockchain technology to make it more useful and scalable.
The best example of this are two new processing networks built on various blockchains:
🔘Lightning Network (LTC, BTC)
🔘Raiden Network (ETH)
🔹 The purpose of these networks is to make fast, instant payments that scale to the hundreds of thousands of transactions a second. They are not blockchains in themselves, but instead utilize the blockchain as the basis of their application.
This is only the start, as there are other services being built to:
🔹 Create identities on the blockchain, Send encrypted privatized transactions
Manage KMS via blockchain
There is still time for a shakeup in the blockchain world, but the truth is that the players in the blockchain world are beginning to solidify. The better opportunities for growth are going to be in building services and applications, not blockchains.
Because of this, blockchain 3.0 is going to be one level above where blockchain 2.0 exists today.
