I guess this definition of 3rd Gen gets us out of experimental phase and into a percise governmental phase that would prevent issues like what ETH has right now.
Interesting video! Clearly, 3rd generation can mean many things.
Can mean a next technological level
Can mean a better/decentralized governmental process
But what exactly can be gained with such 'better governmental process'?
The video talks about changes to the network protocol or consensus protocol, but what does that mean? Sure seems like an interesting theoretical or technical problem. But what kind of real world use is there for it? Any examples?
An example of why a better governance model is needed is mentioned in the video.
Look at all the accusations flying back and forth between the ETH and ETC community right now. Both sides are accusing the other side of having ulterior motives. There is no way of proving if any of the accusations are right and it is damaging both communities.