Former Twitter CEO Jack Dorsey recently announced his vision for a new decentralized web platform that is being called Web 5.0 and is being built with an aim to return "ownership of data and identity" to individuals.
What are the Key Highlights of Various Web Version?
• Web 1.0, is the first generation of the global digital communications network. It is often referred to as the "read-only" Internet made of static web pages that only allow for passive engagement.
• Web 2.0, The next stage in the evolution of the web was the "read and write" Internet. Users could now communicate with servers and other users leading to the creation of the social web. This is the world wide web that we use today.
• Web 3.0, is an evolving term that is used to refer to the next generation of the Internet - a "read-writeexecute" web - with decentralization as its bedrock.
• Web 5.0:
• It's in an early nascent stage as being developed by Dorsey's Bitcoin business unit, The Block Head (TBH). Web 5.0 is aimed at "building an extra decentralized web that puts one in control of one's data and identity".
Both Web 4.0 and Web 5.0 envision an Internet without the threat of censorship - from governments or big tech, and without fear of significant outages.
Significance: It's about changing the "control of identity" of an individual and talks about giving users control over their data, it cites an example that it's totally up to the user whether to save his data anonymously encrypted on the decentralized blockchain or to sell that data to vendors for monetizing and advertising.
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