concept: Web5: What it is? What should we expect? What will the future of the internet look like?

concept: Web5: What it is? What should we expect? What will the future of the internet look like?

< Show Wisdom Collection: Web5: What it is? What should we expect? What will the future of the internet look like?article avatarMaxime Lecoustre

Software engineer

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

I first think it's a very useful project because it would merge one of most important concept of decentralization (high level of privacy, ownability on user datas) with major softwares companies needed (to store and use user data to provide him better experience) I'm currently working on similar concept on lower level , with NFT allowing owner to manage datas (allowing dapps to read/write/delete datas stored as {key: value}. I'm seeing there are lots of issuable things. Whereas I don't understand why it's called web5 because it's fully buildable on existing Blockchains... Naming is just marketing thinking

What are the possible use cases of web5?

To make unique identification/authentification process by storing it into owner's wallet. This will make user able to log into lots of apps without being tracked on browser or device or external centralized service. Owner would also be able to manage cross apps data and access params for each one.

How web5 could influence the crypto market?

Web5 project is very good useful idea, and might increase lot Blockchain usability level. It might increase also crypto market but there might be also darkest thing : Despite this marketing branding, web5 definition doesn't sound as very innovative concept, it might just implement use case we already could fix.

article avatarKehinde David

Engineer | A Pianist | Football Fan

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

Firstly I would love to brief on what the invention of Web3 looks like. Web3 is a decentralized technology and at the same time permission less, with a native payment that uses cryptocurrency for making online transaction instead of relying on the outdated infrastructures. Decentralization nature of Web3 puts power in the hands of individuals rather than corporations. With the evolution of Web5 (combination of Web2 and Web3) which is more decentralized because users will have control over their Identity and data unlike Web3 which is mainly decentralized for fetching data and making transactions Web5 made it possible for users to have control with the flowing unique features built on Blockchain technology (Bitcoin) Decentralized Identifiers DIDS Decentralized Web Nodes DWNS Decentralized Web Apps (DWAS) With these I think Web5 has shown a better concept than Web3

What are the possible use cases of web5?

Like I said Web5 allows data sovereignty and full control over ones data. Using a music app for example. Once you create a playlist on app A, it will be automatically added to your remote decentralized web node (DWN). Therefore making it possible for another app B to play your playlist. Guess you don't have to worry about the stress of getting a new playlist on another app or a new phone.. users account is permanent and can only be deactivated by the user

How web5 could influence the crypto market?

Since Web5 is built on Bitcoin Blockchain if it get successfully established I guess it could eliminate the need for any other cryptocurrency other than Bitcoin. This however can bring about slow rate of adoption of cryptocurrency.

article avatarChukwuemeka Ugwa

Blogger and Cryptocurrency savy

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

The web5 is a way higher version of the web3. It is classified as the intelligent and Emotional web. Now referred as Symbiotic Web. It allows for an advance interpretation of occurrences both emotionally and intellectually. This simply brings about interaction between the human brain and machine. The web3 is just a Read, Write and Execute Web. It ensures to deliver data driven and web Interaction through machine-based processing. It's primary essence is to build a knowledge base, connected and accessible websites The concept of web5 over web3 is coming from a view point that the web3 is not significantly enough to make the decentralized Web. He believes web5 should prioritize the identity of user while engaging the web. Thank you

What are the possible use cases of web5?

This is a web that majors on keeping the entire personal data secured in the web. The identity of user in the web is prioritize by not allowing leaks or access of third parties indiscreet access. It is propagating decentralization of the web where identity and data storage application are certain.

How web5 could influence the crypto market?

Anytime, the term decentralization is mentioned vis-a-vis it's application to any project, it is known that it brings some level of security, transparency and democratic process to the system. This in all brings about confidence and a trustless process. More likely, there would be more adoption on web5 usage as it would parade its major use cases of Identity, data storage void of third parties interference as well as decentralization of use.

article avatarOkikiola Solomon

Student, crypto analyst and content writer

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

Web5 is a good concept. It is a better version of Web3. Web 3 is not actually decentralized it is an actual reincarnation of Web2 which gained momentum with the goal of tokenize everything and connect asset to Blockchain but Web5 according to TBD. is built on Bitcoin for the purpose of fully decentralized Web platform.

What are the possible use cases of web5?

The Web5 is an extra decentralized platform that is built on Bitcoin only for user to own their data and have control over thier identity. Which will be supported by Decentralized Web nodes (DWNS) and Decentralized Web app (DWAS).

How web5 could influence the crypto market?

As it stands now i can't actually say what it hold, but one thing is certain according to Mike Brock product lead at TBD who clarified that there are no token to Invest in with the Web5. At the same time, since Bitcoin has an increased acceptance and the Web5 is built on it I guess it should be enough to influence the crypto market positively.

article avatarCYPRIAN OBI

Open to new ideas

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

The concept is great but the controversy around it is undermining web3 and long it has come. Yes we all want a decentralised web system with transparency and that is what web3 was trying to do. I feel Jack Dorsey and Co. should have just backed up web 3 rather than launching web 5

What are the possible use cases of web5?

Identity management Personal data security Data sovereignty Focus on creating enjoyable user experiences while returning ownership of data and identity

How web5 could influence the crypto market?

Web5 relies on bitcoin only as it's foundational infrastructure. So I feel this could affect bitcoin's price positively. Bitcoin also tend to drag other alt coins up whenever there's a positive change in price, so in all I feel it should affect the crypto market positively

article avatarTaiwo Micheal

I'm Taiwo Micheal. I'm from Okeho, a town in Oyo State, Nigeria. I'm energetic, trustworthy and reliable.

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

When Bitcoin was first launched, many people thought it was the best, but as time went by, we realized that the issue of scalability needed to be solved. To me, I think web5 concept will be good, because it allow people to have ownership over their data and work. Yes, it's better than web3. In web3, there's still problem of blockchain trilemma which I believe web5 will solve.

What are the possible use cases of web5?

Web3 gave more uses cases to people than web2, where people don't have control over their contents because it's a centralized system. Web5 will have even more uses cases than web3 because it's believed that it will solve many problems associated with web3. One of the use cases is that, people will have control over their data.

How web5 could influence the crypto market?

The creation of web5 will influence the crypto market in many ways. People will have better interaction with the market. Also, the system will be made more decentralized, thus giving people more authority over their assets.

article avatarAndrey kitaets

interpreter

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

The web 5.0 concept is a logical continuation of the web 3.0 concept. Web 5.0 is a merger of the centralized Web 2.0 Internet and the decentralized Web 3.0 Internet. Compatibility is always better than one thing.

What are the possible use cases of web5?

the possible use cases of web5 in decentralized applications using identifiers, credentials, etc. The web 5.0 platform can offer two use cases, such as ownership of your data and full control over your identity.

How web5 could influence the crypto market?

In general, it is positive, since this is a natural development of digital finance, decentralized applications and digital blockchain solutions.

article avatarJason McLaughlin

INVESTER

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

I am not sure about the web 5 concept as this is the first time I've ever heard of it but it does sound really good and really futuristic time will tell

What are the possible use cases of web5?

I guess the possible use cases of web 5 would be the development of different apps by individuals and privacy owned by individuals from developing different apps and protocols

How web5 could influence the crypto market?

Not sure how web 5 p.m. Florence to crypto Market but I'm sure it could in a big way knowing that it's involved with decentralised protocols decentralized Finance Etc

article avatarIsaac Reiss

Aspirational Whale

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

In theory, this keeps our data in our control. This is a big step in the direction for all freedom seekers and libertarians. Love the concept! Is Dorsey the person we want leading this up?

What are the possible use cases of web5?

Conceptually, having our data decentralized takes OUR data out of the hands of the tech titans and giants. Think Amazon, Google and Fscebook.

How web5 could influence the crypto market?

This is in alignment with Crypto's founding principles and the De Fi sector space. I would guess that the apps built for this network would further the blockchain and thereby all encrypted data and coins.

article avatarHabibu Abdullahi

Developer Associate

What do you think about the Web5 concept? Is it better than Web3? In what ways? Please elaborate.

I like the concept, but honestly speaking we are yet successful see the full benefits bring by the current decentralized economy system. If I were Dorsey I will try and build something better than twitter.

What are the possible use cases of web5?

It's future idea, I can see it's application in improving the current DAO, and in finance, the true DEX can build upon Web5 concepts. Also, a true decentralized identity system can be easily develop.

How web5 could influence the crypto market?

I foreseen Web5 helping in the decupling the cryptocurrency market from the effect of macro-econimic effect, which we are experiencing now. Keep being optimistic about the future of decentralized systems.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.

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