Back to glossary

Blockchain 3.0

The third generation of blockchain technology, commonly referred to as blockchain 3.0, is the most recent development of blockchain networks that aims to eliminate the drawbacks of preceding blockchain generations.

The potential of blockchain 3.0 networks to allow more complicated transactions and use cases is one of their primary characteristics. They are intended to be more scalable, interoperable and secure, and they frequently incorporate functions like smart contracts, tokenization and decentralized applications (DApps).

Some examples of blockchain 3.0 networks are EOS, Cardano and Polkadot. These networks seek to resolve the scalability problems that earlier blockchain networks encountered.