- The brand new platform is designed to present customers extra management over their knowledge and identification
- Web5 can also be focused at making it simpler for builders to construct decentralised functions.
- The platform is powered by the Bitcoin blockchain.
TBD, a fintech startup of former Twitter CEO Jack Dorsey’s firm Block, has introduced the launch of a brand new decentralised internet platform referred to as Web5.
Web5: Giving customers extra management over their knowledge
The announcement that TBD made on 19 Might on the Bitcoin 2023 in Miami revealed that the brand new platform’s focus shall be on giving customers a option to take pleasure in extra management over private knowledge and identification.
Web5 is constructed on high of the Bitcoin blockchain, and it makes use of decentralised identifiers (DIDs) to create a safe and personal manner for customers to sign up to functions. DIDs are distinctive identifiers that aren’t tied to any centralised entity, so customers can make sure that their knowledge isn’t being tracked or bought.
The platform features a decentralised internet node (DWN), which is a private knowledge retailer that customers can use to retailer their very own knowledge. This knowledge can embrace issues like contact data, social media profiles, and monetary data.
DWNs are encrypted and saved on the blockchain, so customers can make sure that their knowledge is safe and personal.
Web5 can even look to supply entry to the instruments and help builders have to construct decentralised functions.
TBD primarily centered on Bitcoin
Dorsey is without doubt one of the hottest self-taught programmers and an enormous believer in Bitcoin. He additionally believes within the energy of decentralised know-how, which is the trail TBD is taking because it appears to be like to create a extra decentralised and user-centric internet.
Whereas a lot of the business is trying to faucet into Web3, Dorsey’s Web5 is seeing the potential the brand new Web5 know-how presents by way of handing management of knowledge and identification to customers. Key actors on this quest embrace wallets, Decentralised Net Nodes (DWNS), and Decentralised Net Apps (DWAS).
Dorsey teased the event of TBD in June 2021, which CoinJournal lined right here.
- The brand new platform is designed to present customers extra management over their knowledge and identification
- Web5 can also be focused at making it simpler for builders to construct decentralised functions.
- The platform is powered by the Bitcoin blockchain.
TBD, a fintech startup of former Twitter CEO Jack Dorsey’s firm Block, has introduced the launch of a brand new decentralised internet platform referred to as Web5.
Web5: Giving customers extra management over their knowledge
The announcement that TBD made on 19 Might on the Bitcoin 2023 in Miami revealed that the brand new platform’s focus shall be on giving customers a option to take pleasure in extra management over private knowledge and identification.
Web5 is constructed on high of the Bitcoin blockchain, and it makes use of decentralised identifiers (DIDs) to create a safe and personal manner for customers to sign up to functions. DIDs are distinctive identifiers that aren’t tied to any centralised entity, so customers can make sure that their knowledge isn’t being tracked or bought.
The platform features a decentralised internet node (DWN), which is a private knowledge retailer that customers can use to retailer their very own knowledge. This knowledge can embrace issues like contact data, social media profiles, and monetary data.
DWNs are encrypted and saved on the blockchain, so customers can make sure that their knowledge is safe and personal.
Web5 can even look to supply entry to the instruments and help builders have to construct decentralised functions.
TBD primarily centered on Bitcoin
Dorsey is without doubt one of the hottest self-taught programmers and an enormous believer in Bitcoin. He additionally believes within the energy of decentralised know-how, which is the trail TBD is taking because it appears to be like to create a extra decentralised and user-centric internet.
Whereas a lot of the business is trying to faucet into Web3, Dorsey’s Web5 is seeing the potential the brand new Web5 know-how presents by way of handing management of knowledge and identification to customers. Key actors on this quest embrace wallets, Decentralised Net Nodes (DWNS), and Decentralised Net Apps (DWAS).
Dorsey teased the event of TBD in June 2021, which CoinJournal lined right here.
