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

internet: 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 avatarAnupam Singh

Sales Leader | Strategist | Revenue Growth in B2B SaaS | Sales Operations Leadership

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

Any advancement comes with its own pros & cons. Web 3 is all about the the next generation of the internet based on read-write-execute web with decentralisation at the core of it. It consists of- 1. Leveraging on Blockchain technology to provide for interactions without having an intermediary 2. Driven by Ai & ML to give human cognizance Web 5 , instead has the following advantages or pros to it - 1. Building an extra decentralised web that puts one in control of one's own data & identity 2. It's a mashup of web 2 & web 3, meaning users can own their own identity on the internet & control their data The primary cons of a web 5 methodology are- 1. Strenuous task as it requires having a blueprint from both the government & the promoters 2. Efficacy of the same has to be tested in the real word with real use cases 3. Need for a common framework for personal & individual data privacy & protection laws/measures 4. Lack of regulations around the same leading to difficulty in adoption So while web 5 definitely is a killer of web 3, I think web 3 is more relevant & is here to stay considering the stage at which we are in terms of existing rea world use cases & lack of regulations governing the ecosystem.

What are the possible use cases of web5?

The possible use cases of web 5 can be- A personal assistant that can run 1. Blockchain games 2. Decentralised autonomous organizations 3. Decentralised finance 4. Privacy & digital infrastructure 5. Metaverse 6. Creator economy Basically any rea world example where technology becomes inseparable from human interactions. Some real world examples are- 1. An intelligent personal assistant that can suggest on the daily routine for a day 2. A home automation setup that is driven by human emotions, changing the lighting color & outlook basedon the mood of the people in the household

How web5 could influence the crypto market?

Web5 has all the potential to impact the crypto market since it brings about human interactions & puts it at the core of technology to then derive the right sort of experience. Some of the major implications will be on cryptos running on the following use cases, because of the nature of their business which is dependent on corely human interactions- 1. Blockchain games 2. Dao & Dapp coins 3. Metaverse based NFTs & coins 4. AR/ VR based coins & NFTs 5. Virtual world coins like decentralland etc 6. Dark web coins like Monero & XVG Apart from an economic point of view the real impact will be - 1. It will herald a new wave of citizen developers, with people looking to take are of their own data & identity 2. Identity & access management as an industry will go through a sea- change/ revamp 3. Human interactions with technology will increase making technology indispensable 4. AI & ML algorithms will become more & more robust with the kind of data that will be available at every level 5. Regulations on a public & private front around data privacy & control can be regulated in a better way 6. After GDPR it will be the biggest change where the countries of the world have toe come together to create a common framework for usage. Thereby putting us at the helm of technological zenith

article avatarAlbert A A

SEO Expert

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

If there is freedom of speech without revealing our identity, it will be the future of decentralizing mediums on the internet. But at the same time, it should also control hate speech and terrorism without any central authority. It should be decentralized for everyone. I think the "Web5" will solve this. Current decentralized social apps calling it Web3 are not reached their potential nor attracted more users on the internet. But "Web5" should start educating the user before beginning the basement.

What are the possible use cases of web5?

Followings can be use cases of Web5: Microblogging (alternative to Twitter or similar apps), Video Creation and Posting Platform (Alternative to YouTube), Online Messaging App (Alternative to WhatsApp, Telegram, etc), Decentralized Web hosting with WordPress CMS, Decentralized Domain Names that can resolve on a normal network, Decentralized Browser that will never track user information, etc. etc.

How web5 could influence the crypto market?

Crypto is the future of the financial system on the internet. Hence, decentralized cryptocurrencies can help Web5 better than FIAT currencies. If Web5 wants to be decentralized, it should stay in the Crypto only.

article avatarRick Spindler

Investor

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

Web5 is Jacks idea. Good for him. It’s new marketing for a yet to be developed Web3. But Web3 IS coming. Decentralization of the storage of files on the internet and the new protocols that we will use to access those files. Fewer broken links to files. Less risk of centralized servers going offline and preventing you from file access. NFT representations of ownership, scaling of blockchains with Zero Knowledge Proof layers, but mostly, a faster internet. Watch the Ethereum space closely as this is the place where much of the work to bring about Web3/5 to reality is occurring.

What are the possible use cases of web5?

Fast, decentralized file storage and access, digitized proof of ownership, fast digital communication. Financial privacy as well as digitized records privacy.

How web5 could influence the crypto market?

Since most crypto, at root, are the payments for the use of protocols, their price will increase as a function of the adoption and use of the individual protocols. As Ethereum is adopted and widely used, the price of Ethereum will increase as a function of its scarcity versus demand. All crypto prices will increase and decrease via a supply and demand model. Shill your protocol. It will help increase your price.

article avatarAbin k Joseph

Hard working

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

Web5 is a innovative project ,yes it better than web3,in web5 internet is more interactive and more personalized and it modified internet more better

What are the possible use cases of web5?

It new evaluation of web in help to develop decentralised app and protocols that make better interface and assembly to the internet to users

How web5 could influence the crypto market?

Web 5 helps crypto market by making things more easier and friendly like ,easily find the account , fund , nfts , market update and wallets

article avatarKrishna Yoganarasimha

A seasoned strategy professional with multitude of skills.

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

Web5 is a new web platform that promises to make the web faster, safer, and more accessible for all. It aims to do this by creating a new ecosystem that connects users with each other and with data providers in a more transparent way. So far, Web5 has been successful in building up a community of testers and developers, and the team is currently working on finalizing the technical specifications for the platform. The goal is for Web5 to become a global standard for the internet surpassing Web3, empowering users everywhere to access the information and services they need without restriction. Web5 is definitely an ambitious project, and there is no telling exactly what the future of the internet will look like. However, given its potential to address some of the biggest issues facing the web today, it's worth keeping an eye on!

What are the possible use cases of web5?

Web5 is a new platform that enables developers to build decentralized applications (DApps) and smart contracts. DApps are applications that run on a blockchain, and smart contracts are self-executing contracts that allow two or more parties to exchange assets or services without the need for a third party. There are many possible use cases for Web5, including but not limited to: 1. Online gambling 2. Decentralized marketplaces 3. Autonomous organizations 4. Voting systems 5. Secure identity management systems

How web5 could influence the crypto market?

Web5 is a new technology that is poised to have a significant impact on the crypto market. Web5 is a platform that allows users to access and use digital assets in a more secure and efficient way. It also allows for the transfer and trading of digital assets without the need for intermediaries. Web5 has the potential to revolutionize the way we use digital assets, and its impact on the crypto market is still unfolding. While it's too early to say for certain, it seems likely that web5 will play a big role in furthering the growth of the crypto market. In short, it looks like web5 is poised to have a big impact on the overall landscape of the crypto market, and there's no telling what will happen next!

article avatarAmit Patil

nftjag.com | Co-Founder CEO @ WhiteCOde

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

Definitely Web5 is better than Web3. Basically we do not know who owns what on the internet today. Web5 binds the user identity to all the creations, making it an property of the owner.

What are the possible use cases of web5?

The identity gives authenticity to the information and credibility. This shall affect the entire internet with all of the available information.

How web5 could influence the crypto market?

The owners of the information can be easily incentivised with the help of crypto. Making a huge sum of possibilities for the crypto and increasing usability and its value.

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 avatarKripto Man

Cryptocurrency & DeFi Expert

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

It is a combination of web 2 and web 3 to overcome others opinion and VCs involment. It is no better than Web 3 because it is just a naming of next internet generation

What are the possible use cases of web5?

It must be the same goals that web 3.0 has been offering all the time till now. But, in addition to known facts, social media platforms like twitter may be more involved due to its former CEO Jack's recent tweet.

How web5 could influence the crypto market?

Branding old web 3.0 application and dapps to be more modern. More cloud based data indexing blockchain contracts with multichain and cross chain capability.

article avatarmarciobitcoin

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

The big unknown is how all the different ideas, cultures and visions will come together in a cohesive way representing the best parts of humanity. Whether web 3, web 5 or web 500 I believe with all my heart that the internet itself only came to improve and make our lives easier, so we have very good things to experience in the future I believe, Experty Thank you Marcio Bitcoin.

What are the possible use cases of web5?

I don't understand much about this, but I can say that in addition to social networks and a lot of innovation on the web, one of them is that Web5 is a new vision for a decentralized Internet, built exclusively on bitcoin, and also prioritizes data security and preservation and personal data protection. Its main goal is to put the user in control of their data and identity, this is show and great for all of us.

How web5 could influence the crypto market?

Web5 will be created through the Bitcoin network this is a point, but it is important to note that in addition to the network serving as a support for the development of Web5, the crypto asset will take over the monetization of the entire platform ecosystem.

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

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