What does the era of blockchain 3.0 mainly refer to?

We all know that 2017 is the first year of the blockchain outbreak, and 2018 is the first year of the blockchain landing. In recent years, blockchain technology is also developing rapidly, from the era of blockchain 1.0 to the present In the era of blockchain 3.0, the development of blockchain can actually be divided into three stages, namely point-to-point transactions, smart contracts and pan-blockchain application ecology. In the era of blockchain 1.0, the rate of return of digital currency is the king. In the era of blockchain 2.0, smart contracts provide infrastructure support for the development of upper-layer applications. So, what does the era of blockchain 3.0 mainly refer to?

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What does the era of blockchain 3.0 mainly refer to?

We are now at the junction of the 2.0 era and the 3.0 era. The 3.0 era can be regarded as an idealized vision for the future virtual digital currency economy. A variety of applications are built within a large underlying framework, creating a platform with no trust costs, super transaction capabilities, and extremely low risks, which can be used to realize the increasingly automated distribution of physical resources and human assets on a global scale. Large-scale collaboration in science, health, education, and more.

Blockchain 2.0 builds infrastructure such as digital identity and smart contracts. On this basis, the complexity of the underlying technology is hidden, and application developers can focus more on application logic and business logic. That is, entering the era of blockchain 3.0, the sign is the emergence of Token. Token is the value transmission carrier on the blockchain network and can also be understood as a pass or token.

The greatest effect of Token on human society lies in its transformation of production relations. Joint-stock companies will be replaced, and every actual participant will become the owner of production capital. This new type of production relationship encourages each participant to continuously contribute their own productivity, which is a great liberation of productivity. If this business activity is mapped to real-world inflation, if the former outperforms the latter, each token holder will profit over time.

Changes brought by the blockchain 3.0 era

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Blockchain is a key breakthrough in technological innovation, which can empower the real industry, innovate the economic operation mode, and improve the efficiency of industrial collaboration. More importantly, blockchain is the key direction of new infrastructure investment. New infrastructure promotes digital transformation and development, bringing huge market space for blockchain to be integrated and applied in more industries and at a deeper level.

In fact, it is still too early to explore blockchain 3.0. Although the blockchain has stepped out of the conceptual stage, the current development of blockchain technology is not very mature, and its application scenarios are relatively limited. On the one hand, there is still room for optimization and improvement in the core technology of blockchain. On the other hand, the processing efficiency of blockchain still cannot meet the requirements of some high-frequency application environments.


Post time: May-31-2022