What are third generation cryptocurrencies?

While third generation cryptos have barely gone mainstream, a new class of cryptocurrencies is redefining the state of the art. They're cryptocurrencies based on metastable consensus mechanisms, such as Avalanche. In this class of consensus mechamisms, the network is never fully stable and hard set on a given consensus.

What is the first generation of Cryptos?

Because of its pioneering role, Bitcoin forms the base for all cryptocurrency projects that would appear shortly thereafter. The first generation of cryptos had been launched. The first generation cryptos is made up of Bitcoin and all the coins that forked its source code and basic concepts.

What is the timeline of cryptocurrency?

The timeline of cryptocurrency has reached three generations now. The first generation stages Bitcoin and its beginnings. The second generation goes along with the rise of smart contracts led by Ethereum. The third generation consists of several alternative coins that were developed to solve the issues faced by both Bitcoin and Ethereum.

Is Cardano Ada a third generation crypto?

One of the farthest developed projects of a Third Generation Cryptocurrency is Cardano ADA. While it is still on the development phase of its core system, planning to release its decentralized staking system soon, Cardano has all the traits which, according to the theory we've been able to research about Third Gen cryptos.