- Former Twitter CEO Jack Dorsey recently announced his vision for a new decentralized web platform that is being called Web 5.0 and is being built with an aim to return “ownership of data and identity to individuals”.
- The initial iteration of the worldwide digital communications network was known as Web 1.0. It’s known as the “read-only” Internet since it’s made up of static web pages that only allow passive interaction.
- The “read and write” Internet was the next step in the web’s evolution. Users may now communicate with servers as well as other users, resulting in the birth of the social web.
- This is the internet as we know it today.
- Web 3.0 is a developing concept that refers to the future generation of the Internet, which is a “read-write-execute” web built on decentralisation.
- It refers to a digital world created on the blockchain technology, in which people can connect with one another without the necessity for a middleman.
- Artificial Intelligence and machine learning will power Web 3.0, allowing robots to comprehend data in the same way that people can.
About Web 5.0:
- The Block Head (TBH), Dorsey’s Bitcoin business company, is working on Web 5.0, which aims to “create an additional decentralised web that puts you in charge of your data and identity.”
- Both Web 3.0 and Web 5.0 envision an Internet free of government or corporate restrictions, as well as the prospect of catastrophic disruptions.
- In response to a Twitter inquiry on the differences between Web 5.0 and Web 3.0, Dorsey said that Web 3.0 is controlled by multiple “venture capitalists and restricted partners,” rather than being fully decentralised or owned by its users.
Source The Hindu
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