Jack Dorsey To Skip Web4, To Build Web5 on Bitcoin

  • Jack Dorsey will be launching Web5, according to the TBD company.
  • Shibetoshi Nakamoto noticed alongside the Twitter community that Web4 has been skipped.
  • Web5 will have Decentralized Identifiers, Verifiable Credentials, and Decentralized Web Nodes as pillars.

Former Twitter CEO and staunch Bitcoin supporter Jack Dorsey will be launching a decentralized Internet platform called Web5. As announced on Dorsey’s platform TBD, this Web5 platform will be “extra decentralized.”

This move officially means that Dorsey will not subscribe to the Web3 vision. Dogecoin creator Shibetoshi Nakamoto commented:

Aside from the Dogecoin godfather, others chided, with some saying that they are already in Web6. One even said that Web3, Web4, and Web5 are already starting to resemble LUNA 2.

Once the Web5 product has gone live, developers can expect the dawning of new and decentralized blockchain concepts.

The Decentralized Web Platform (DWP) enables developers to write Decentralized Web Apps (DWAs) using Decentralized Identifiers (DIDs) and Decentralized Web Nodes (DWNs), returning ownership and control over identity and data to individuals <– We are calling this Web5.

In detail, TBD described DIDs as self-owned identifiers for decentralized identity authentication and routing. This is only one of the three pillars of Web5. The other two are Verifiable Credentials and Decentralized Web Nodes.

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Jesus covers news related to the crypto space in Asia and in Australia, although he follows the latest events in the US and Europe as well. He is most interested in the blockchain gaming and regulation aspects of the industry.