-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.

Disclaimer Read More

Crypto News Land (cryptonewsland.com), also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Based in Australia, Michael covers news related to the crypto space in Asia and in his home country, although he follows the latest events in the US and Europe. He is an avid fan of classical British and Russian literature.