How Is Web5 Different Than Web3?

On June 10, many people were shocked by the announcement that TBD, a Block subsidiary and Twitter co-founder Jack Dorsey, would be developing the Web5 platform. Web 7 can be downloaded by those who don’t care about numerical sequences. Where is Web 4, though? One, two, three, and now Web 5? But first, let’s quickly go over the stages of the evolution of the WebWeb so that no one falls behind in understanding this essay. You can move on to the next topic if you are familiar with the current one.

The collaborative WebWeb replaces the static WebWeb

Consumers could only read the content on the original websites, portals, and online services at this time because there was no opportunity for direct engagement since there was no way for users to interact. There existed the original WebWeb, which was then referred to as the WebWeb. Web1 was also known as “Static Web” because those who viewed it merely devoured the content made available over a one-way communication network. Web2 progressively emerged along with the development of Web support technologies, social networks, and all the apps like blogs, forums, and podcasts that enabled new forms of participatory communication.

Users started interacting with one another and sharing their content due to the development of these new tools. User-generated content, new interactions, and procedures are now created and managed by the user, who was previously a passive actor. Web 2 gets the moniker “Collaborative Web” because of this. 

What’s Web5?
How’s it different from Web3? https://t.co/hSUEPedxJm#Web3 #web5 #web #Web2 #decentralized #Decentralization #Crypto #CryptoNews #NFTs #NFTCommmunity #BTC #Solana #SolanaNFT #Ethereum #EthereumNFTs

— Will° $Lunr (@GodswillIzuchu6) July 14, 2022

Web3 first appeared when?

It is challenging to determine when Web3 first appeared, much like Similar to the other web stages; it is difficult to pinpoint when Web3 originally appeared. This is because developing a website is a process with no clear beginning. However, Gavin Wood didn’t coin the term until 2014, and many claims that the idea of Web3 first surfaced in 2006. It is intended to be the next evolution of the internet. It is still in its early stages, by which I mean. As a result, it is unclear what will happen when the Web moves into its next phase. 

Be aware that a single person did not create Web3. It is created with the assistance of various people and groups, building on one another. But generally speaking, people working on blockchain-based intelligent Platforms for contracts like Ethereum, EOS, and TRON are driving Web3 development. 

It’s important to keep in mind that one of the most popular programming libraries for writing Ethereum code is web3.js. The founders of the Polkadot network also run a charity called the Web3 Foundation. In general, Web3’s main goal is to try to solve Web2’s biggest problem: collecting personal information through private networks that allow for surveillance capitalism, a true market for future behavior.

Creating “a decentralized and equitable internet where people own their own content is the main objective of Web3,” data, identity, and destiny,” according to the Web3 Foundation’s website. And to solve this, Web3’s primary area of innovation is a collection of independent, decentralized networks that are not controlled by any one entity and are created by platforms utilizing consensus procedures that can be relied on by all. Open networks would be the foundation for decentralized applications (DApps), and no organization would be able to acquire user data without that person’s permission or censor or impose access restrictions.

The second area of innovation promised by the Web3 architects is the direct, middle-man-free transmission of internet value or “money” between user accounts. This would be made possible by the decentralized networks. Decentralization and online money, two characteristics that are always changing, are the cornerstones of Web 3.

However, several critics have pointed out problems with the current Web3, such as its reliance on VC firms like Andreessen Horowitz, which would risk its key innovation—providing users with a truly decentralized web—and its need for this type of finance. Now that everyone is on the same page let’s address what had become a concern for many when Jack Dorsey said that “Web 5” powered by Bitcoin will replace Web3.

Web4 is no anymore accessible.

The Web3 stage is not a new version of the Web but rather an alternative to what we now have (Web2) or are actively building. Web3 refers to all the blockchain and decentralized technologies being developed internationally (Web3).

The “Mobile Web” moniker refers to Web4’s infrastructure, which enables it to adapt to the mobile environment. Think of a real-time web connecting every mobile device in the real and virtual worlds. Web4 enables the communication between humans and robots using speech and gesture. In contrast to earlier websites, where the emphasis was on users interacting with the internet while seated in front of a desktop or computer, Web4 is designed to enable users to utilize and share information regardless of location using mobile devices.

As a result, Web4 alters human and robot communication, fostering a mutually beneficial partnership. In this fourth stage of the WebWeb, robots will always be available to humans, becoming increasingly integral parts of daily life.

The fifth or “Emotional Web.”

Although many people only became aware of Web5 after Jack Dorsey’s statement made headlines, the idea is not new.

To give you an idea, think about how Web5—the “Open, Connected, Intelligent Web,” or Emotional Web—was discussed by Tim Berners-Lee, the inventor of the WebWeb, in a 2009 TED Talk. The Symbiotic Web, commonly called Web 5, is still developing. As far as we can tell, it will be a connected network that converses with us in the same way that we converse with one another (like a personal assistant). According to the person who invented the internet, the fifth Web would be the emotional Web.

This Web will be strong and reliant on computer-human connection. The interaction will be embedded in many people’s daily routines thanks to neurotechnology. It is important to remember that Web2 is currently “emotionally” neutral, which means that it is not aware of the feelings and emotions of its users, notwithstanding surveillance capitalism. With Web5’s anticipated metamorphosis into a dynamic web, this might change in the future. An example is the startup WeFeelFine, which employs headphones to map people’s feelings.

People will therefore interact with content in Tim Berners-Web5 that reacts to changes in facial recognition or emotions. In this case, it would seem that Jack Dorsey’s “Web5” has nothing to do with the Emotional or Symbiotic Web that Tim Berners-Lee had in mind when he developed it in 2009. 

What Jack Dorsey’s Web5 focuses on

TBD, a subsidiary of Block (formerly Square), was founded in July 2021 to create “an open platform for developers,” with an emphasis on decentralized finance (DeFi) and Bitcoin (BTC). TBD’s main goal is to build “Web 5: an Extra Decentralized Web platform,” where users will have total control over their data.

“This will probably be our biggest contribution to the internet. Excited about the group. On June 10, in the early hours, Dorsey tweeted, “Rest in Peace, Web3 Investors.” According to TBD’s presentation on Web5, the main problem with the internet is the lack of an “identity” layer: “In the current Web, identity and personal data are turned into the property of third parties,” so Web5 will place a strong emphasis on decentralizing identity, data storage, and its applications.

TDB claims that a second decentralized Web platform will be created to solve this problem.

Future possibilities are a journey, not a final destination.

Many things that Web3 critics dismissively call “false promises” seem far harder to do with Bitcoin alone — at least for the time being. Although the Lightning Network has made some positive changes, storage capacity and, most importantly, transaction speed has been sacrificed because of Bitcoin’s decentralization and commitment to cybersecurity.

In addition, several Web3 functions are already possible because of layers built on top of Bitcoin. Hiro is developing smart contracts with Bitcoin. Stacks were created to facilitate DeFi, nonfungible tokens (NFTs), apps, and smart contracts in Bitcoin. Not to mention that colored coins, which act as NFTs and ERC-20 tokens’ counterparts on the Bitcoin blockchain, have been there since 2012.

Decentralized identifier-based identity solutions, such as the Identity Overlay Network (ION), which was created and is built on the Sidetree Protocol on top of the Bitcoin blockchain, are now accessible on Web3. Add to this the uncertainty surrounding the different financing and building techniques Dorsey will use for his new version of Web3.

Also, read – Top 3 Web3 Projects That Are Hot In The Market

The Metaverse and Identity: Distributed Command

Will TBD’s latest attempt to create a decentralized layer atop the Web using the Bitcoin blockchain assuage the current concerns about Web3?

Attempts to create a decentralized web will benefit users more. The most important factor in this condition is that these projects can bring together all the technical, financial, and clever people committed to putting in the time and effort necessary to realize the decentralized Web.