The Block Collider is a new blockchain enabling true multi-chain transactions, swaps, and scheduled functions. Ludicrously fast and 100% decentralized the Block Collider does not suffer from the same “decent centralization” or validator vulnerabilities of other multi-chains like Polkadot or Cosmos.
This technology is made possible through a new mining algorithm called Proof of Edit Distance which consumes blocks from other blockchains to create its own blocks. The resulting “final chain” will become ground truth for the crypto currency ecosystem launching with interoperability between Bitcoin, Ethereum, NEO, Counter Party, Lisk, and Waves.
When you visit a web page it doesn’t matter what server sent you the page or what internet provider served you the data. However with blockchains this is not the case, each blockchain becomes its own island which makes developers and consumers use centralized exchanges or limited atomic swaps. Every blockchain requires custom integration of each protocol which slows innovation and increases the chance of vulnerabilities.
We believe you should be free to switch between blockchains without any friction or centralized exchange. Beyond trading you should be able to plug and play any feature from any blockchain without sacrificing decentralization, paying exorbitant fees, or waiting hours--even days--for chains to download. We see a future where an application might run on parts of different blockchains in parallel depending leveraging the particular feature or functions of each blockchain.
There are currently two teams working the problem of multi-chain functionality Polkadot Network and Cosmos. Both of these teams approach this problem with the use of "validators" or a small number of machines that confirm a transaction or event did actually occur on another blockchain.
Using proof-of-edit-distance the Block Collider removes the need for validators or relays of any kind and instead build a new blockchain made of blocks from other blockchains. Miners confirm these blocks by solving an edit-distance threshold which requires the blocks of other blockchains as inputs thereby like bitcoin making it invisible to "lie" about the state of a chain.
A first generation blockchain is a sequence of blocks on one blockchain, a second generation blockchain is a sequence of blocks on one to many blockchains.
Second generation is not an implication of the technical improvement but of the creation of the chain. For example, the Bitcoin blockchain is a series of Bitcoin blocks in a chain. The Block Collider blockchain is a series of blocks of blocks from other blockchains. This makes the Block Collider born of multiple chains or in a "second generation".