First announced last spring, TBD, a Bitcoin-focused venture, announced on Friday an ambitious effort to build a decentralized web platform called “Web5.”
The Web has democratized information exchange, but it lacks an important layer of IDs. We struggle to protect your personal data with hundreds of accounts and passwords that we don’t remember.On the web today, identity and personal data are the property of third parties. ” Website state. “Web5 brings distributed identity and data storage to applications, allowing developers to focus on creating a fun user experience while regaining ownership of data and identity to individuals.”
presentation Published with the announcement, it explores the various components of the proposed platform. Web5 is especially ionA second-tier network built on the Bitcoin blockchain as a “verifiable credentials” protocol.
“”[T]He will probably be our most important contribution to the internet. ” Tweet.. “I’m proud of the team.”
“RIPweb3VC” and Dorsey added to the post.