What is Web 5.0 – the blockchain-powered digital network Twitter’s ex-CEO wants to build?

What is the News?

Former Twitter CEO has announced his vision for a new decentralized web platform that is being called Web 5.0 and is being built with an aim to return ownership of data and identity to individuals.

What are Web 1.0, Web 2.0 and Web 3.0?

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What is Web 5.0?

It is being developed by Dorsey’s Bitcoin business unit, The Block Head (TBH).

Web 5.0 is aimed at building an extra decentralized web that puts one in control of their data and identity.

Simply put, Web 5.0 is Web 2.0 plus Web 3.0 that will allow users to ‘own their identity on the Internet and ‘control their data’.

Note: Both Web 3.0 and Web 5.0 envision an Internet without the threat of censorship from governments or big tech and without fear of significant outages.

Source: The post is based on the article “What is Web 5.0 – the blockchain-powered digital network Twitter’s ex-CEO wants to build?” published in Indian Express on 13th June 2022.

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