VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

Jack Dorsey and Web 5: Bitcoin-based Internet should displace Web 3

admin by admin
June 16, 2022
in IT news
0
Jack Dorsey und Web 5: Bitcoin-basiertes Internet soll Web 3 verdrängen
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Is Web 3 dead? The new Web 5 is supposed to revolutionize the Internet.

Block CEO Jack Dorsey is promoting the new Web 5, which will be based on the Bitcoin blockchain. The Twitter co-founder wants to create a new form of decentralized Internet together with TBD. Dorsey described the Web 5 as “our most important contribution to the new Internet” and tweeted: “Rest in Peace Web 3 venture Capital Fund”.

With the new Web 5, Dorsey wants to advocate for a truly decentralized Internet with self-ownership and sovereign users. In an earlier tweet, Dorsey already warned about the dangers of Web 3:

The “Web 3” is not yours. It is owned by venture capitalists (venture capital funds) and liquidity providers. It will never escape your incentives. The Web 3 is ultimately a centralized entity with a different label. You should know what you are getting into.

Bitcoin, Web 3 and Web 5

The Web 5 is based on the idea of the Web 3, which is also intended to create a decentralized Internet using blockchain and crypto technology. However, supporters of the Web 5 assume that the wrong technologies are used for the development of the Web 3. Bitcoin is supposed to be the solution for the new Internet.

A picture of TBD

The Web 5 uses the blockchain technology used by Bitcoin to solve the double-spending problem and enable digital peer-to-peer transactions. In addition, TBD is working on other technologies, such as decentralized identifiers (DID), decentralized web nodes (DWN), a self-managed identity service (SSIS) and a software development kit for self-managed identities (SSI SDK).

The decentralized identifiers were based on ION, a layer 2 solution from Bitcoin. This allows users to create their own, censorship-resistant identities over which no central entity has control. On this basis, the DWAs should then be created. The data is managed by the decentralized webnodes.

According to Mike Brock of TBD, there should not be any tokens with which you can invest in the new Web 5.

Let me clear this up right now, everybody: No. There are no tokens to invest in with web5. Kthx.

– Mike Brock 🫂 (@brockm) June 10, 2022

Jack Dorsey and Jay-Z Promote Crypto Academy

Jack Dorsey is not just promoting a new, decentralized Internet. The Bitcoin enthusiast is financing a new Bitcoin Academy together with rapper Jay-Z. With this, the two businessmen would like to bring blockchain technology closer to young people in particular and help them become financially independent with crypto. The courses start in mid-June and end in late September and take place both online and live at the Marcy Houses, the social housing facility in Brooklyn, New York, where Jay-Z is from.

In addition, the two launched “trust trust”, a Bitcoin development fund to support people in Africa and India. They initially invested 500 BTC (then the equivalent of 24 million US dollars). This is one of the largest funds of this kind.

Previous Post

Unreal Engine 4 runs Showdown at 60 fps on Morpheus

Next Post

Whatsapp-Moving assistant from Android to iPhone is here

admin

admin

Related Posts

t3n – digital pioneers / The magazine for digital business
IT news

t3n – digital pioneers / The magazine for digital business

June 25, 2022
Last hours for Descent Underground
IT news

Last hours for Descent Underground

June 25, 2022
Tether Launches Pound Stablecoin GBPT
IT news

Tether Launches Pound Stablecoin GBPT

June 25, 2022
Mark Mobius: “Cryptocurrencies give clues to the emotional situation on stock markets”
IT news

Mark Mobius: “Cryptocurrencies give clues to the emotional situation on stock markets”

June 25, 2022
Details about SteamVR thanks to Unreal Engine 4
IT news

Details about SteamVR thanks to Unreal Engine 4

June 25, 2022
Next Post
Whatsapp-Moving assistant from Android to iPhone is here

Whatsapp-Moving assistant from Android to iPhone is here

Premium Content

War or peace – that is the question

July 7, 2020
Collectia uses Business Intelligence as an effective tool

Collectia uses Business Intelligence as an effective tool

December 28, 2021
Developed an Autonomous robot for disinfection of warehouses, killing coronavirus

Developed an Autonomous robot for disinfection of warehouses, killing coronavirus

June 29, 2020

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • t3n – digital pioneers / The magazine for digital business
  • Last hours for Descent Underground
  • Tether Launches Pound Stablecoin GBPT

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?