WHAT YOU SHOULD KNOW ABOUT JACK DORSEY’S WEB5!
While we are still trying to get a hang of web3, Jack Dorsey through his new company, TBD , Block ’s business division, has announced Web5. A project he believes is more decentralized than the current web3. But why Web5 when there is Web3 already? Jack believes that the current web3 systems are flawed. To every regular user out there, web3 is totally decentralized. However, the truth is, most web3 platforms are controlled by big VC firms in Silicon valley. Jack argues that web3 is not decentralized enough as you can see from his tweet to a twitter user below: So What is Web5? Web5 is a decentralized web platform (imagine the WordPress platform but totally decentralized) that allows users(developers to be specific, lmao leave this for programmers. But since we are using Wordpress as a metaphor, imagine yourself building a drag and drop website using wordpress) to build decentralized web apps (the result of your wordpress drag and drop - a website.) while returning ownership and control...
