Why did Jack Dorsey introduce web5?

Former Twitter CEO Jack Dorsey introduced the idea of Web5 in June 2022. The major aim of the introduced platform is to enable you to control your personal information and data. Web5 is a more decentralized internet than the previous versions because it uses a different design for its operations.

Does web5 follow web4?

It turns out that, despite the name, Web5 does not follow the yet-to-be-created Web4. The Web5 platform, announced in June, 2022 by TBD, the crypto and decentralized finance arm of Dorsey’s payments company, Block (née Square), is firmly based on Web3 tech, but promises “an extra decentralized web platform.”

Is 'web5' a decentralized internet layer?

Now, he’s out with an alternative. At CoinDesk’s Consensus Festival here in Austin, TBD – the bitcoin-focused subsidiary of Dorsey’s Block (SQ) – announced its new vision for a decentralized internet layer on Friday. Its name? Web5.

Will there be a web 3?

But there is no official release date, as yet. AUSTIN, Texas — Jack Dorsey’s beef with Web 3 has never been a secret. In his view, Web 3 – blockchain boosters’ dream of a censorship-resistant, privacy-focused internet of the future – has become just as problematic as the Web 2 which preceded it. Now, he’s out with an alternative.