What is TBD's web5?

TBD’s Web5 takes a different approach than Web3 on how to build a properly decentralized internet, with Bitcoin being the single blockchain used in the project. Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc., announced Friday that it is building a new decentralized web: Web5.

What is TBD (TBD)?

TBD launched in July 2021 with the aim of creating “an open developer platform” focused on decentralized finance and Bitcoin. Now TBD has its first offering: a platform that promises a new version of the internet in which users will have full control over their own data. “This will likely be our most important contribution to the internet.

What is bitcoindark (BTCD)?

BitcoinDark (BTCD) is a cryptocurrency driven by the community with the ideals of Decentralization, Openness, and Anonymity. Teleport allows user to teleport funds off the blockchain but with blockchain verification. Transaction will be recorded publicly without disclosing personal information.

What does Dorsey's web5 actually do?

In terms of what Dorsey's Web5 will actually do, TBD’s website states that the current iteration of the internet is still missing an “identity” layer. “On the web today, identity and personal data have become the property of third parties. Web5 brings decentralized identity and data storage to your applications.