Insolar: Blockchain 4.0

The Enterprise-Ready BlockchainIn 2018, bitcoin turned 10. This journey has been full of experimentations and iterations. A great deal of research and engineering has been going into the distributed ledger technology relentlessly to solve the issues that currently plague the blockchain sphere. However, this does not mean that blockchain is not a desirable technology. It only says that it is still in a rudimentary phase, yet continuously evolving.Insolar is striving to step into the fourth generation of the blockchain. As written in Insolar's tech paper: Insolar believes that Blockchain 4.0 should focus on addressing the immediate and future needs of business by making the technology suitable for enterprise integration, mainly by making such integration simple, scalable, and efficient.This article will take a trip down the 'memory lane,' to draw parallels between different blockchain generations; starting from blockchain 1.0 to present-day Insolar's blockchain 4.0.Blockchain 1.0The genesis of blockchain was first seen when Satoshi Nakamoto's white paper (Bitcoin: A Peer-to-Peer Electronic Cash System) was implemented in 2008.

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blockchain,technology,ethereum,insolar,bitcoin