Bitcoin as One Network: Jack Dorsey Imagines the Web 5

Decentralization as an ideal – The vintage 2022 From the famous coding meeting Consensus Festival in Austin, in Texas, this year has brought its share of important announcements again. last friday Mike BrockHead of Project TBD – a subsidiary of Block – which fed discussions with the preparation of a file web 5 totally depends on Bitcoin. Explanations to follow!

From web 1 to web 5 to bring back power to users

In the early nineties, it was web 1. At that time, few families were in contact. There was little content to display. It was the great beginnings of the Internet. Only text available with rare pictures. Moreover, users have only consulted the pages and possibly clicked a link to go to other pages. It can be considered that it existed between 1989 and 2005.

Then new sites appeared. Not only can you refer to revolutionary content – such as videos or music – but above all you can upload it yourself. was coming social networks and the collaborative platforms, such as YouTube, Facebook, etc. The user also became an actor, and participation became more democratic. So we were talking about web 2.

The problem ? File management dataThe aggregate for you Activities and protect your Private life. Huge companies are formed. They are investing data and making a fortune on this model. It goes against this system and wants Horizontal “ The operation performed by the famous blockchain web 3 You will see the light of day with Bitcoin at the top of the arc. Unfortunately, criticism is pouring in from all sides, especially from Jack Dorseythe killer from the web 3 too central according to his taste.

Bitcoin on its way to becoming the only 5 web?

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Bitcoin and decentralization at the heart of the system

For Dorsey, the excessive presence of investment funds and giant platforms and the organized resort to controlIentity Kill the original idea:

“You don’t have a web 3. Mutual funds do it. It will never escape their grasp. It is after all a central entity with a different brand. Know what you are getting into.”

That’s why, with his company Block and its mysteriously named subsidiary To be determinedwill launch an idea web 5. Here are the main points.

This new network will work exclusive on protocol Bitcoin To take advantage of its inherently decentralized structure. Thus, Web 5 will be a Decentralized Web Platform (DWP) that works with Decentralized Identifiers (DIDs) and Decentralized Web Nodes (DWNs). All this allows the creation of decentralized web applications as well. yes ! term “decentralization” It comes on every line, but that’s the ultimate goal of the project.

Of course, this new type of network will have bitcoins as a means of payment. It should also allow each user to transfer their data directly and thus stay master of treatment made of Activities Online and audio Identify. Details of this project have been published in a document open to all.

So far, all this It’s just a project It is open source and the release date has not been announced. One last thing: you might be wondering why web 5, not 4? In fact, Web 5 equals Web 2 and Web 3, or Web 5. Makes sense! Let’s end with a last, humble quote from Jack Dorsey:

“This will probably be our most important contribution to the Internet. Proud of the team.”

Away from the gloomy cryptocurrency market, the Block team thus continues to imagine The future of the Internet And plan to rest Only on Bitcoin. Whatever one thinks of it, this has the advantage of fueling debates and provoking controversy between extremists and others. And while Central platforms are sinking One by one, it is difficult to prove them wrong.

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