Since the introduction of the World Wide Web in 1993, technological advancements have been developed and introduced with the goal of improving the internet and providing people with a better user experience, and the introduction of web 5.0 is confirmation of advancement in the internet.
Web 5.0 is a hybrid of Web 2.0 and Web 3.0 that allows users to own their identity on the Internet and control their data. This article will explain what the Web 5 is, how it works, and some unique features of the Web 5 but first, let’s take a quick look at the evolusion of the WEB.
Evolusion Of The Web
Web 1.0 was the first generation of the global digital communications network. It is often referred to as the “read-only” Internet made of static web-pages that only allowed for passive engagement.
Web 2.0 was the “read and write” Internet. Users were now able to communicate with servers and other users leading to the creation of the social web. This is the World Wide Web that we use today.
Web 3.0 is an evolving term that is used to refer to the next generation of Internet – a “read-write-execute” web – with decentralization as its bedrock. It leverages the blockchain technology and will be driven by Artificial Intelligence and machine learning.
Web 4.0 is not really a new version, but is a alternate version of what we already have. Web needed to adapt to its mobile surroundings. Web 4.0 connects all devices in the real and virtual world in real-time
Web 5.0 is Web 5.0 is still in development and has not yet been fully formed; however, it is defined as a linked, emotive, and symbolic web that communicates with humans. Furthermore, it is based on emotional attachment to humans. It acts as a personal assistant.
What is Web 5.0?
Web 5.0 is a Bitcoin-based decentralized web platform that enables developers to create decentralized web apps (DWAs) by incorporating decentralized identifiers (DIDs), verifiable credentials (VCs), and decentralized web nodes (DWNs), reclaiming ownership and control of identity and data for users.
Web 5 was created with the goal of building an extra decentralized web that puts its users in control of their personal data and identity.
Web5’s purpose is to create a one-of-a-kind set of tools based on Bitcoin that will transform the financial system as we know it. This would allow investors and individuals to not only protect and own their data, but also maintain control over all of their interactions.
One of the main differences between Web5 and Web3 platforms is that Web 3.0 platforms are typically more centralized in terms of what people think, despite marketing efforts to the contrary. According to Jack Dorsey, Web 3.0 systems are based on single point of failure systems, citing Solana (SOL) and Ethereum as examples (ETH).
How Web5.0 Works
Despite the fact that Web 5.0 is still in the works, there are already clear indications of what this platform will be. Web 5.0 is expected to be a combination of Web 2.0 and Web 3.0, with a focus on creating a linked web that is not only intelligent, but also emotional.
This entails being able to communicate directly with its users, just as people can with one another.
Consider how virtual assistants can predict users’ needs by studying their behaviors to better understand Web 5.0. Even when there are few cues, virtual assistants can make accurate predictions about what users need.
Web 5.0 is essentially a larger-scale predictive virtual assistant. This version of the internet will be able to interpret various pieces of information on much more complex levels, implying that these interpretations will incorporate both emotion and logic.
Unique Features of Web 5.0
While Web 5.0 should have many features that will benefit users once it is fully developed and implemented. But for now, there are two core features that are currently being focused on with this platform: the ability to control your identity and the ability to own all of your data.
With the current web, corporations and other third parties effectively own your identity and data.
Control of identity: A digital wallet that securely manages user identity, data, and authorizations for external apps and connections.
Control over own data: Say, we can grant any music app access to settings and preferences, enabling the app to take our personalized music experience across different music apps.
Web 5.0 Road Map
As mentioned previously, this version of the internet that’s being developed by TBD will be based entirely around Bitcoin, which is mainly due to Jack Dorsey’s support for Bitcoin and his belief that Bitcoin is the most secure decentralized network in the world. By relying solely on the Bitcoin blockchain, Web 5.0 won’t need to use the various protocols and centralized blockchain networks on which Web 3.0 is based.
While TBD has yet to fully establish a detailed road map of Web 5.0, there are some details that point toward what the next developments will be. The goal of this project is to create a class of fully decentralized protocols and apps that allow social communications, financial interactions and apps to be filtered through Web 5.0 decentralized apps that store your user data with you.
While Web 5.0 technology is still in development, it’s an appealing platform that promises to give users ownership and control over their data and identity.
Following the implementation of Web 5.0, it may be possible to store all user data in a decentralized digital wallet, resulting in a much more secure user experience.
If you want to stay up to date on the latest Web 5.0 developments, Jack Dorsey and the TBD website will provide regular updates.