Jack Dorsey resigns from Twitter and may venture into Bitcoin (BTC) and the Web 3.0

Jack Dorsey is leaving Twitter trend

Sure, Jack Dorsey has taken a step back in recent years and has been less present than he was at the start of Twitter. However, the announcement the day before was not necessarily expected. Founder and now The former CEO of the famous social network is leaving his post. He was the same person who transmitted the ad… on Twitter.

Twitter will now be led by Parag Agrawal, the social network’s former technical director. However, Dorsey is still a member of the company’s board of directors. Jack Dorsey, 45 years old He is also the CEO of Squarea company specializing in online payments, which he previously ran along with Twitter.

This isn’t the first time Dorsey has left the Twitter ship. In fact, in 2008, it was He was forced from his post to finally be called up in a state of emergency in 2015. However, this time it’s back off the table as it looks like Dorsey has other plans.

👉 Read on – Twitter has launched a team dedicated to blockchain to decentralize the social network

Jack Dorsey and Square Have Plans for Bitcoin (BTC)

How is Jack Dorsey’s resignation? Important to Bitcoin (BTC) and the blockchain? The answer is that the Twitter founder is a staunch supporter of cryptocurrency and his niche has grabbed a lot of bitcoin in recent months.

Last month, Jack Dorsey and Square announced plans to produce BTC mining machines. Importantly, only a few days ago the Dorsey Company released the white paper (White papers) for him The future decentralized exchange platform for Bitcoin.

By resigning as Twitter CEO, Jack Dorsey can do just that Exclusively dedicated to the launch of this new trading platform, named “tbDex”. In general, Web 3.0 will be the one that will be in Dorsey’s crosshairs.

👉 Going Ahead – Square publishes white paper on future Bitcoin (BTC) decentralized exchange

Jack Dorsey can participate in the development of Web 3.0

Web 3.0, which can also be written as web3 (in English) and called “The Decentralized Web”, is still in the development and beta stage. To sum up in one sentence, Web 3.0 is the evolution of Web 2.0 as we know it todaywith a focus on decentralization.

However, so far, all Web 3.0 applications have been linked to cryptocurrency and blockchain. The most objective example is Decentralized Finance (DeFi) Where the users are their banks and credit institutions.

However, the term Web 3.0 is quite ambiguous, because These applications remain marginal or under development. Thus, the arrival of Jack Dorsey, with his 100% participation, may change the situation.

In fact, a character like Dorsey is able to greatly develop the sector. 2021 was a very successful year for digital assets and the entire blockchain industry. interest now This interest materializes in future web applications.

👉 Going Forward – Web 3.0: It remains misunderstood even by those who develop it

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About the author: Benjamin Alloush

Twitter- soothsayerdata

Previously an attorney specializing in personal data and digital law, I quickly became interested in bitcoin, blockchain technology and its legal implications. I am now a freelance consultant and editor in the cryptocurrency and blockchain space.
All articles by Benjamin Alloush.

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