Jack Dorsey, former head and co-creator of Twitter, has a new project in his sights, and the premise sounds very intriguing. Currently, Web3 has quite a few limitations comparatively to what the rest of the world enjoys within the Web2 realm. Music, email, shopping, banking, and other categories have a small foot print in Web3 but it’s often clunky in terms of functionality and user experience, mainly because Web3 is in a building phase, developing the blockchains and protocols that will become the platforms for the new web. Well welcome to Web5, where the blockchain of choice is the battle-tested and decentralized-proven Bitcoin network. The goal for Dorsey is to create a seamless experience between Web2 as services are moved to doppelgänger services on Web3. For example, services like Twitter should be successfully replicated to the Web3 realm via decentralized identity and personal services, matched with decentralized storage.
The migration from Web2 to Web3 isn’t a smooth one, but these kind of ideas are always great to see. Technological paradigm shifts are hard to navigate, but Web5 seems to at least give an answer to some use cases. Awesome!
Written by: nikethereum.eth