The birth of the blockchain technology just under a decade ago with the inception of bitcoin has been nothing short of fascinating. This revolutionary technology is one that truly fits the description of “Revolution” as it is potentially the single most disruptive human creation since the beginning of time. The general belief is that whatever man creates, another man with better skills can do it, sabotage or even counterfeit it maliciously. The blockchain technology is the first man-made creation to buck that trend as it has so far proved its immutability and absolute reliability while reinventing the way we create and distribute value amongst ourselves.

But despite its tremendous strides, the early days of the blockchain technology is not without a few challenges here and there. Bitcoin was the pioneering stage, and with the birth of Ethereum (and Smart Contracts) in 2014, it was said to be the second stage of the blockchain. However due to intractable problems such as the lack of scalability, being stubbornly not user-friendly, being exceptionally expensive to deploy for business, the blockchain technology was still not in a form where it was ready for mass adoption. In comes Blockchain 3.0, the latest epoch in the journey of this amazing technology, with the view of solving the main problems that riddle the industry.

What is Blockchain 3.0?

As earlier stated, the two previous stages of the blockchain technology have been marked by the birth of Bitcoin and Ethereum respectively. The main difference between this two has been the way a consensus is reached on their respective blockchains with Bitcoin running on a Proof-of-Work protocol, while Ethereum partly uses a Proof-of-Stake with an added feature of having a Smart Contract capability. With blockchain 3.0,  the new generation blockchains come into existence with a focus to address the pressing issues plaguing both Blockchain 1.0 and 2.0 via different protocols, techniques and frameworks. High scalability, interoperability, adaptability, sustainability, privacy as well as instantaneous transactions are features that separate Blockchain 3.0 from its predecessors.

Some of the most recognizable names that are currently making waves in this brave new stage in the evolution of the blockchain technology include:

Disclaimer: The purpose of this list is not to pick the ” best ” cryptocurrency. The fundamental purpose of this list is to encourage community engagement and intellectual debate among the supporters of different cryptocurrency projects. We provide a third-party platform that hopefully makes people think. Too many times people are blinded by the community enthusiasm in official social media channels of individual projects and fail to see through the veil. By bringing supporters of different projects together, we hope to unravel the actual value and sentiment of each project via civilized debates. p.s. Nothing in this article should be treated as financial advice.

Note: For submission of ICO Projects, please contact @cryptoverze for review.

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