Blockchain Technology 1.0 vs. 2.0 vs. 3.0 - Types of Blockchain

Blockchain is a disruptive technology that has been around for 40 years. In its initial design, it served as an elegant database system, but now we see this same platform being used in modern trade and industry with rapid adoption rates across the board.

Blockchain technology had three basic iterations over the years. To be clear, we will consider the first iteration as the version conceptualized and implemented by the Nakamoto group. Each successive blockchain version includes additional coding and structural features that allow users to perform a broader range of tasks.

Blockchain 1.0: The Origin of the Modern Blockchain
Blockchain 2.0: Smart Contracts
Blockchain 3.0: Decentralized Enterprise Level Applications



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