RIP Web3 Jack Dorsey Announces Bitcoin-Based Web5 Platform
Bitcoin supporter Jack Dorsey announced a web platform called Web5, a combination of the centralized internet Web 2 and the decentralized internet dubbed Web3. The product is part of Square’s subsidiary TBD which attempts to create a suite of BTC-based tools to transform the financial system. Related Reading | Is New York the Worst Place For […]
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Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management. Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO of Twitter in November 2021.Whereas Web3 incorporates blockchain technology and tokenization to decentralize the....
TBD’s Web5 takes a different approach than Web3 on how to build a properly decentralized internet, with Bitcoin being the single blockchain used in the project.
Former Twitter CEO Jack Dorsey has ignited a debate about web3 after Tesla CEO Elon Musk criticized it. Dorsey warned of the risks from centralization, emphasizing that web3 is owned by venture capitalists (VCs), hiding under the premise of decentralization. “I’m concerned to see ‘the industry’ be distracted under false pretenses when we could all be working on things that have a chance at fixing the real issues,” Dorsey wrote. Jack Dorsey Says Web3 Is Owned by VCs, Tells Elon Musk ‘It’s Somewhere Between A and Z’ Jack Dorsey and....
What is Web5, where is Web4 and what would be the recently announced initiative by Block subsidiary TBD to create a new layer of decentralization on top of the Web. On June 10, many were surprised by the news that TBD, a subsidiary of Block, Twitter’s co-founder Jack Dorsey, announced the launch of the Web5 platform. Web 1, 2, 3 and now Web 5? But where is Web 4? Those who don’t care about number sequences can just downloaded Web 7.But first, so that no one gets behind in understanding this article, let’s quickly talk about the stages of Web evolution. If you already know the subject, you....
Amid ongoing speculation regarding the true identity of Bitcoin’s (BTC) creator, new analysis suggests that Jack Dorsey, the entrepreneur known for founding Twitter and currently serving as the CEO of Block, could potentially be Satoshi Nakamoto. Surprising Links Between Jack Dorsey And Bitcoin’s Satoshi During Square’s investor day last week, Dorsey was directly questioned about […]