The Journey of Blockchain Generations From 1st to 4th
Blockchain Technology is evolving rapidly. In a very short time, blockchain technology gets global attention. This article will discuss how blockchain technology started the journey in 2008 and where it's heading now. The 4th generation blockchain is expecting to reform the blockchain innovation. It guarantees to lead us closer to mass adoption than any time in recent memory. Before we investigate that, we should quickly look at the three transformative stages blockchain advancement has experienced since 2008. First Generation Blockchain The first era of blockchain was introduced by Satoshi Nakamoto and it resulted in the discovery of Bitcoin. The first generation blockchains used the Proof of Work (PoW) agreement algorithm to confirm buys. It cost a lot of energy for bitcoin blockchain to carry out the transactions. Bitcoin gains a lot of attention despite lots of issues. It touches the highest price at the end of 2017. People started investing in bitcoin and th...
