The future is a process, not a destination

On June 10, the blockbuster subsidiary, TBD, was surprised by the news that Twitter founder Jack Dorsey had announced the launch of Web 5. Web 1, 2, 3 and now Web 5? But where is Web 4? People who don’t care about numerical order can only download Web 7.

But first, let’s take a quick look at the evolution of the web so that no one will hesitate to understand this article. If you already know the topic, you can move on to the next topic.

From a fixed web to a web of collaboration

Initially, what we now call Web 1 was then simply known as the Web. At this stage, the first websites, portals and online services have been developed, and users can only read the information without the opportunity to interact directly. Because there is no interaction between users. The webmasters have in one way or another consumed the content of the communication web and as a result, Web 1 is also called the “static web”.

With the evolution of web-supported technologies, Web 2 is slowly creating and expanding social networks and applications such as blogs, forums and podcasts can create new engaging connections.

In fact, with the development of these new tools, users began to communicate with each other and share their own content. At this stage, the user, who was once an active actor, has created a website called “Collaborative Web” by creating and managing online content, building new processes and relationships.

When did Web3 come out?

Like other web standards, it is difficult to know when Web 3 was born. This is because it is a web development process and also has no start date. But many would argue that the concept of Web 3 came about in 2006, although the term Web 3 was coined in 2014 by Gavin Wood. Internet should be the next step. So, I say, as expected, because it is still in its infancy, and there is still no certainty about the future of the site.

Note that there is no creator of Web3. Collaboration is being developed by various individuals and organizations. But in general, they are leading the way in building Web 3, which has participated in smart contract platforms such as Ethereum, EOS and TRON.

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It should be noted here that web3.js is one of the most popular programming libraries used to write Ethereum code. There is also a Web 3 Foundation, led by the founders of the Polkadot network.

Broadly, the main goal of Web 3 is to try to solve the biggest problem of Web 2.

For this reason, Web 3, as a creative focus, is a decentralized network of web-based, non-partisan, multi-stakeholder platforms. Inside, decentralized applications (DApps) are built on open networks, and no one can collect information without the user’s permission, restricting or filtering access. That is, according to the Web 3 Foundation’s website, Web 3 aims to create “decentralized and fair Internet users’ control over their own data, identity and destiny.”

The second innovation focus promised by Web 3 developers allows these decentralized networks to transfer Internet value or “money” directly between user accounts. And, these two features – decentralized and Internet money – are still in their infancy, the key to understanding Web3.

However, many Critics they have Explained Concerns about the current Web 3, such as relying on financial support from venture capitalists such as Anderson Horroitis, undermine the core focus of innovation – a truly decentralized web for the user.

Well, now that everyone is on the same page, let’s make it clear that Jack Dorsey’s “Web 5” will replace Bitcoin-powered Web 3.

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Web4 missing?

After Web 3 – the term includes all blockchain and decentralized technologies being developed around the world – the next level of Web is not a new version but an existing version (Web2) or an optional version (Web3) that we are building. .

Web 4, also known as the “mobile web”, has the necessary infrastructure to adapt to the mobile environment. Think of a web that instantly connects all mobile devices in the real and virtual world.

Well, Web4 allows mobility and voice interaction between the user and the robots. In previous websites, the focus was on the user’s ability to use and distribute information on mobile devices, regardless of their location on the mobile device, in front of the desktop and in front of the computer.

Thus, Web4 alters the interaction between humans and robots, which in turn has symbiotic interactions. In this fourth stage of the web, people will have constant access to robots, and their daily lives will be dependent on machines.

“Web 5” or “Emotional Web”

Many have heard of Web5 for the first time, but the truth is that the word is not new.

To get the idea, web designer Tim Burners spoke at TED Talks in 2009 about Web 5.

According to the creator of the website, Web 5 will be an emotional web. In fact, the true form of Web 5 is still evolving, and according to the signs so far, this website, known as the Symbiotic Web, will be an interconnected network when we communicate (as a personal assistant). .

This site is very powerful and can be used to fully interact with people and computers. Neurotechnology-based interactions will become a daily habit for many people. It is worth noting here that, despite the existence of surveillance capitalism, Web2 is currently “emotionally” neutral, which does not understand the feelings and emotions of users. Now, when Web5 proposes to become an emotional web, this could change in the future. An example of this is WeFeelFine.

Along these lines, with Tim Burners-Lee Web 5, users interact with content or facial expressions that interact with their emotions. In this context, Jack Dorsey’s “Web5” seems to have nothing to do with Tim Burners Lee’s 2009 emotional or sympathetic web.

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Jack Dorsey’s Web 5 is about everything.

TBD was founded in July 2021 in Block (formerly known as Kare) b To create Decentralized Finance (DeFi) and Bitcoin (BTC) “Open Forum for Developers”. TBD now has a primary goal. build up Web 5 ተጨማሪ More decentralized web platform where users can fully control their own data.

“This is probably the most important contribution we make to the Internet. Proud of the team. (“Peace Vacation, Web 3 Investors),” Dorsey He said. According to a presentation by TBD on Web 5 on Twitter on June 10, the main problem with the Internet is the lack of “identity” coverage: “Identity and personal information in the current website will be transferred to third party property.” And focuses on decentralization of applications.

TDB says it will create an additional decentralized web platform to solve this problem.

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Possible causes are the coming process, not the destination.

Much of what is called “false promises” by Web 3 critics seems more challenging than just Bitcoin – at least for now. Bitcoin is decentralized and prioritizes cyber security in terms of storage space and, most importantly, the speed of transactions – although the growth of the lightning network is promising.

In addition, some Web3 features seem to be made possible by layers already built into Bitcoin. He is using smart contracts to build smart contracts. The stack was created to enable DeFi, invincible tokens (NFTs), applications and smart contracts with Bitcoin. Not to mention the fact that since 2012 there have been colorful coins on the Bitcoin blockchain that are compatible with NFTs and ERC-20 tokens.

Also, there are decentralized identity solutions based on Decentralized DIDs on Web3, for example, built into the Identity Overlay Network (ION) using the Siddre protocol at the top of the Bitcoin blockchain. Add to this the fact that it is not clear what alternatives will be used to build Dorsen’s new version of Web 3.

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Does this solve the current concerns about Web3 at the top of the web via the Bitcoin blockchain to create a decentralized layer of TBD?

Of course, many initiatives focused on decentralizing the web will benefit users. However, the important thing here is that such initiatives bring together all the technical and financial resources and the bright people who are committed to the need for a decentralized web.

It is a process, not a destination.

This article does not contain investment advice or suggestions. Every investment and business activity involves risk, and readers should conduct their own research when making decisions.

The views, opinions and opinions expressed herein are those of the author only and do not necessarily reflect the views and opinions of the copyright holder.

Tatiana Revoredo He is a founding member of the Oxford Blockchain Foundation and a strategist in blockchain at Oxford University School of Business. She is also an expert on blockchain business applications at the Massachusetts Institute of Technology and a senior strategy officer for Global Strategy. Tatiana was invited to the Intercontinental Blockchain Conference by the European Parliament and to a public hearing on 2303/2015 by the Brazilian Parliament. She is the author of two books. Blockchain: Everything you need to know And Crypto Currencies Globally, what is the position of central banks, governments and officials on cryptocurrencies?