Generations of Blockchain in CryptoWorld
blockchain·@bluemist·
0.000 HBDGenerations of Blockchain in CryptoWorld
 The simplest definition of Blockchain would be **'ledger of transactions'** and transactions can vary in different blockchains and every blockchain has its pros and cons. # 1st Generation - Dawn of Cryptocurrency  First generation of blockchain started with Bitcoin and still mostly widely used today but its getting too much slow and expensive in terms of energy consumption even more than some countries. Monero, Dash,Zcash etc are also examples of first generation which somehow cover up drawbacks of Bitcoin network in one way or other. ## 2nd Generation - Age of Smart Contracts  **Ethereum** changed the game with efficiency and smart contracts but it is also getting exhausted in terms of speed. **Ripple** belonging to same generation is also radically changing banking SWIFT system. **NEO** already outperforming many of its competitors in terms of its speed but its true potential is still not exploited yet. **EOS** and **IOTA** are still in beta phase in terms of operations and their claims to solve scalability issues are yet to be tested. ### 3rd Generation - Robust Blockhain  **Cardano** claims to solve all the problems faced by previous generations like security, scalability, smart contracts and adaptability. **ICON** and **AION** also belong to same generation but the platform for all these coins will be operational after 2018. #### 4th Generation - In development phase  4th generation blockchain are still in research and development phase and potential candidates for it are **Wanchain** and **Seele** . It would to early to analyze and review these coins. **Hashgraph**- a different technology then blockchain and Quantum computing can also dramatically influence future of blockchain but so far it looks **Bright and Promising**.  <br> Image credits: [1](http://newsroom.unfccc.int/climate-action/how-blockchain-technology-could-boost-climate-action/), [2](https://hackernoon.com/bitcoins-final-boss-22e2a52f9c7d), [3](http://www.altcointoday.com/ethereum-price-analysis-april-26-may-2/), [4](https://coinreviews.io/cardano-review/), [5](https://www.facebook.com/wanchainfoundation/photos/a.2051606998395830.1073741827.2051605651729298/2051606958395834/?type=1&theater), [6](http://bitcoininspace.com/2017/04/25/blockchain-and-aerospace-natural-allies-in-the-fight-to-prevent-disaster/)
👍 enginewitty, thealliance, jaynie, stsl, unknown-one, michaeldavid, make-a-whale, hanamana, buzzbeergeek, pharesim, adventureevryday, kriptonoob, derrick829, msp-shanehug, saffisara, fishyculture, kiddarko, deaconlee, c0ff33a, vj1309, edthecanadian, tattoodjay, fiftysixnorth, snook, blue.panda, iwanderela, rocky1, onak144, khaha, lynncoyle1, inarix03, musicbot, madcool, observer1337, pixomedia, voltsrage, openbull, thesimpson, biglipsmama, iamnotageek, jasonmiller2134, jonny-clearwater, dashdipak, da-primate, ant884, richardcrill, omrii, djei.art22, abso, delphia16, failshub, derkon, yash0108, mindpainter, seyico2011, marcosespes1, zulama28, jhelbich, ceyksparrow, holm, pickled, heelzkinu, framelalife, spurious-claims, gamerpool, ozywashere, stonechaisson, finesse203, saini11, zaiyn, arunavabiswas, belgarath, animapaddy, uxmanqaxim, alidervash, ketikasharma, proctologic, xee95, nakedtrader, jovial-grace, grey580, supermeatboy, cryptojake, amanda46536, fernwehninja, halfshinigami, pravda, osere, crypto2day, bien, cryptostiri, gellany, chucknasty, andrekweku, samest, agoric.systems, theb0red1, aser1111, frankydoodle, socialreformer, realcodysimon, mrright, graytor, synrg, coingyan, tngflx, genya.kharitonov, mathworksheets, joulia, outerground, freecreative, tonimarco, scottsantens, amnezia, amlehtnewo, kozak, nickskywalker, mustafeez, treasuregnome, jgr33nwood, emas-jiujitsu, kenhudoy, eddy4king, azzurra92, goofyu, salimberry, btcbaby, phuresh, maxbullion, qxl, tomtom87, hillstech, curiositybot, rival, jasonshick, erikkun28, simplygorgeous, meysam, mustafa4101996, enkel, illuminated, futuredigicoin, bjjworldtraveler, cryptastic, ackza, abenike, onza, pjcswart, decebal2dac, ahmad.rezk, youngfuego, jfkenndy, trendings.online, showtime, followjrb, ragnartheking, billibong, odyprabowo, drakmin, amvanaken, better-life-tips, spikykevin, criptorafa, businesswri, yar, jjjjosue, suheri, vlasmp, reborn99, rksumanthraju, jiujitsu, tastetwist, mike314-0005, tim-rumford, transhuman, liberty-minded, tastytrade, tinowhale, conexus, eaposztrof, fromhell2sky, urs, g-dubs, asrizalmustafa, epicdesigns, tagsplanet, eosint, kingyus, corganmusic, senor, geggi632, jimjam1210, geetasnani, mamata, gyanibilli, ews, fiveboringgames, libertyranger, benniebanana, travelingdiva, iliketoast, steemcollator, dexter-k, satfit, juliansyah, mmagreat, forever-gala, ianfreeman, geezee887, co-op.blogs, jacobkaled, oregonpop, yorbin17, shawnfishbit, sqube, rajansaha, cryptoclick, reisronddewereld, opinizeunltd, steemdrivingman, hausbau, adnan522, phunke, naijatimez, maochitse, boxmining, zentat, jasmadiyunus, liberta, dorthmaen, kralizec, thelifestyler, mightywarrior, deemarshall, protomar, ronnybat, jonasthomas, nicholasjohn, s10, philip.willemse, itchykitten, steve123, urielrosdlr, rest100, heypapalegend, icedrum, pllo3llo, funfacts, zuhrareza, mikegun, gyzimo, mrslauren, skindogue, historyfromworld, prashant, crypt0boy, evesick, ryanarcher, hellmerlin, ganandoenbtc, happyclappy, stayoutoftherz, rikip94, thehulk, krazypoet, frontrunner, awolesigideon, merosalah, cloh76, mohsan0073, brains1ck, sumant, mrgranville, saadithya, serfis, jimmyjemsx, scorpionking, joklahoma, aylan, benjy87, jim-borasso-band, nuad01, andysmancave, ravenrillay, earningbot, epikcoin, abdulrehman, skyhooks, freemon, upvoted, vizualsamuri, nicnicy, honolulu, kyawsantun, sahertanveer, elgeko, mickeyvera, sethlinson, znaffe, wishmaiden, kishan, vivianka, olgavdovskikh, dkpoker, stackin, nathen007, kindbreeze, booster, etcmike, beautypics, oleg326756, dejan.vuckovic, huslein.slash, manncpt, nehab, jaichai, murhadi06,