Former Twitter CEO Jack Dorsey recently announced his vision for Web 5.0, a new decentralized web platform.
But, what is Web 5., and how will it differ from Web 3.0 and Web 2.0?
The first generation of the global digital communication network was called Web 1.0. It was known as the “read-only” internet because it consisted of static web pages that only allowed for passive engagement.
The “read and write” Internet was the next stage in the evolution of the web. Users could now communicate with servers and other users, resulting in the birth of the social web. This is the internet as we know it today.
Web 3.0 is an evolving term that refers to the next generation of the Internet – a “read-write-execute” web built on decentralization. Web 3.0 is powered by artificial intelligence and machine learning, with machines capable of interpreting information in the same way that humans do.
What is Web 5.0 ?
The goal of Web 5.0 is to “create an extra decentralized web that puts you in control of your data and identity.” The Block Head of Dorsey’s Bitcoin business unit, speaking about the idea on its website, says, “The web democratized the exchange of information, but it’s missing a key layer: identity.” “With hundreds of accounts and passwords we can’t remember, we struggle to secure personal data. Identity and personal data are now the property of third parties on the internet,” he further added.
To put it simply, Web 5.0 is Web 2.0 plus Web 3.0, which will allow users to “own” their identity. ‘ On the internet, they can ‘control their data.’
