A while ago, Jack Dorsey proposed a new solution to truly decentralize the web. He calls it "Web5". Apparently, this will be Web 3.0's successor powered by the Bitcoin blockchain itself. From a maximalist point of view, this would mean Bitcoin will be used for everything you do around the web. It will act not only as a currency, but also as a platform for decentralized applications, ownership registry, decentralized identities, and more. Isn't this what Ethereum and other copycat smart contract platforms (BNB, Cardano, TRON...) are doing? If so, then "Web5" would be no different than "Web 3.0" itself. It could be a catch phrase to lure as much investors into Jack Dorsey's little project.
What do you think? Is Web5 really a catch phrase? Or is it completely different from Web 3.0? Do you think we may be too early to replace "Web 3.0" even when the world is stuck with Web 2.0? Your input will be greatly appreciated. Thank you.
What do you think? Is Web5 really a catch phrase? Or is it completely different from Web 3.0? Do you think we may be too early to replace "Web 3.0" even when the world is stuck with Web 2.0? Your input will be greatly appreciated. Thank you.
I think we need to know the difference between web 3.0 and web 5.0 to be able to tell if it is only a catchphrase.
Web 3.0 – The Semantic (Read-Write-Execute) Web
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Web 3.0 is the advanced wave of information technology for websites and smartphones, focusing on delivering a data-driven and interactive web through machine-based information processing. The semantic web’s ultimate aim is to build more knowledgeable, connected, and accessible websites.
Read more here[1]Web 5.0 – The Intelligent / Emotional (Symbiotic) Web
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To put it succinctly, the Internet of Things (IoT) means that everything in your life, I mean everything, can speak to each other about you, in front of you, behind your back, and without any care or sympathy. With an emphasis on selling, purchasing, and influencing you. It was amusing to wake up to a kitty cat-shaped robot, but Web 5.0 would go beyond that. The arrival of smart devices that predict your needs based on your habits without including many clues foreshadows what is to come with the Intelligent Web. Symbiotic web programs will be able to interpret evidence on a more complex level, both emotionally and intellectually. This is the Web, which exists in complete coexistence with daily life, operating without thought and organically interacting with what we do.
From the given explanation we can say that Web 5.0 different from Web 3.0 in many ways. Web 5.0 take advantage of emotional intelligence
Read more here[1]From the given explanation we can say that Web 5.0 different from Web 3.0 in many ways. Web 5.0 take advantage of emotional intelligence
So say, Web 3.0 is way different from Web 5.0. Web 3.0 is more focus on the read-write-execution and still at a development stage while Web 5.0 is way more complex that takes advantage of emotional intelligence. I don't think that it is only a catchphrase but rather that person took advantage of technology in early development and forcibly attached himself to it by announcing a project called web5.
[1] https://status200.net/what-is-web-5-0-a-brief-introduction-to-world-wide-web-1-0-5-0/