How To Build Third Generation Blockchains
summary
Third-generation blockchains aim to solve three concrete failures: scalability, interoperability and sustainability. Examples and numbers: BitTorrent scales 500 million concurrent users so blockchain designs borrow peer-to-peer ideas; some projects claim 100,000–1,000,000 TPS but network bandwidth and full-node storage (chains approaching an exabyte) break decentralization. Proposed fixes include recursive networking, proof-of-stake variants, dense sidechains and on-chain treasuries that fund development and governance (IOHK work and the cortana codebase are cited).
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chapters (10)
- 0:00Introduction
- 0:44First gen blockchains Bitcoin’s delusion
- 3:15Second gen Ethereum’s breakthrough
- 4:40Why Ethereum broke
- 5:23Scalability first pillar
- 8:12Interoperability across chains
- 10:19Sustainability treasuries
- 13:56Governance challenges
- 15:19Research approaches
- 19:30Global mission
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