by abala Updated: Jun 13, 2022
If you knew 2 + 3 = 5, you might have a trillion-dollar idea! Jack Dorsey’s TBD gave us a quick refresher in arithmetic with their Web5 announcement. Well, what is Web 5? Web 2 + Web 3 = Web 5 !!! Is it really worth the hype to create another new buzzword? It could stem from Jack’s criticism of Web 3 funding a few months ago. Web 3 is still evolving and has plenty of room to adapt to evolving ideas. While the market dynamics, funds, and tech titans slug it out to settle on 3, 5, or maybe 4 for a name, the concepts are useful for technologists to review and adopt. Web 5 uses Bitcoin for the monetization layer and blockchain and Web 2 technologies for other areas. So in some sense, it is a blend of Web 2 and Web 3. Both Web 3 and Web 5 aspire to bring in user control over their data and identity. This kandi kit explores the open source libraries across the core Web 5 components of decentralized identifiers, decentralized web node, self-sovereign identity service and self-sovereign identity SDK.
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