From Web 3 to Web 5: How the evolution of the Internet focused on data privacy

From Web 3 to Web 5: How the evolution of the Internet focused on data privacy

Web3 is buzzing with blockchain companies moving towards the idea of ​​a decentralized Internet. But former Twitter CEO Jack Dorsey Web3 concept adoption The next level launches Web5, a combination of Web3 and Web2.

Web5 is built on the Bitcoin blockchain, created by The Block Head (TBH), one of the Bitcoin trading units in Dorsey’s block (formerly Square). The platform aims to bring decentralized identity and data storage into applications. According to the company, “this allows developers to focus on creating a pleasurable user experience while returning data and identity ownership to individuals.”

Here’s what you need to know about the evolution of the Internet and how the world moved from Web 2.0 to Web 5.

From Web 2 to Web3.0

Web3 refers to the next generation of the global web, Taken from Web2.0, which is more focused and focused on user-generated content. The idea of ​​Web3 is a decentralized web that challenges the dominance of technology giants with power and data in the hands of Internet users rather than large technology corporations. In short, Web3 means user data is distributed across the network and no single entity owns the information.

Tim Berners-Lee, inventor of the World Wide Web, explained Web3 in 1999: “I dreamed for the web that computers would be able to analyze all the data on the web – content, links, and transactions between people and the computer is a” semantic web “that Makes it possible, has not yet emerged, but when it will, trade, bureaucracy and the day-to-day processes of our daily lives will be driven by machine-to-machine talking. “

Some uses of Web3 enable the manufacturing economy, such as decentralized autonomous agencies (DAOs), decentralized finance (DeFi), stablecoins and central bank digital currencies (CBDCs), private and digital infrastructure, and NFTs and blockchain-based games.

Web3’s unique selling point is the current challenge to data privacy. Today’s Web (Web 2.0) is full of concerns about data privacy, fake news, and identity theft hacks. Instead of repeatedly providing your personal data on each of the platforms you sign up for, you will instead allow the platforms to use your data. If something changes, such as your address or credit card number, you only need to change it once and all your sites will be updated. This will make the web much more user-friendly.

Web 3 vs. Web 5

Although Web3 may take a while to conceive and replicate, Dorsey has a new evolutionary plan and is called Web5. The goal of Web5 is to create certain tools in Bitcoin that not only give users control over their data but also allow them to control all their interactions on the Internet.

Dorsey is a vocal critic of Web3. He believes that Web 3.0 platforms are generally more focused on what people think, despite their marketing efforts to make them look different.

In a tweet, the Tech CEO said that Web 3.0 systems are based on a single system point of failure. He mentions Solana (SOL) and Ethereum (ETH). A single point of failure means that if it fails, it will stop the whole system from working.

Twitter CEOs want a system based on the decentralized nature of Bitcoin so that there is no single point of failure. He believes it could be more appropriate for the ideas promoted by Web 3.0 supporters.

TBH, the company behind Web5, explains how Web5 wants individuals to have the ability to “own their data”. For example, say Alice has a digital wallet that securely manages her identity, data, and approvals for external applications and connections. Alice uses her wallet to sign in to a new decentralized social media app. However, since Alice is connected to the app with her decentralized identity, she does not need to create a profile and all the connections, relationships and posts she makes through the app are stored in her decentralized web node. Using Web5 Alice can change apps with her social personality whenever she wants

In another example, Bob hates being a music lover and locking his data to a single seller. This forces her to repeatedly retarget her playlists and songs across various music apps. Fortunately, there is a way out of this maze of vendor-locked silos: Bob can put this data into his decentralized web node. That way, Bob can grant access to any music app in his settings and preferences, so that he can experience his personalized music wherever he likes. Therefore, Web5 will give users more ownership of their data.

Currently, we are in the transition phase between Web2 and Web3. So far, it looks like it may take some time to see a complete transition to Web5. However, it’s easier said than done.


Leave a Comment

Your email address will not be published.