Web 5 announced by Block is the middle ground between web 2.0 and web 3.0 i.e.
✅ WEB 2.0 + WEB 3.0 = WEB 5.0
💵 Web 5 has made bitcoin their central currency but unlike web 3,
Web 5 is not built on the blockchain so Bitcoin will only act as a currency to purchase in app assets like subscriptions, mods and stuff like that.
👨💻 Web 5 is open source and is aiming to build a decentralized network layer using Bitcoin's layer 2 payment protocol called lighting.
Web 5 is divided in to 3 main components:
- Wallet 👛
- Node 🌐
- DWAS 📱
Wallets and nodes are almost similar to web 3
but the add on's for wallets is what intrigue me,
so apart storing assets and identifying a user the wallet will also have the ability to store user settings and meta data,
E.g. you are some one who loves dark mode so rather than going to each app and turning on dark mode, All you will have to do is enable dark mode on your wallet and that setting will be carried forward to all your apps (A global state management system of sorts).
And as a web 5 developers you wont develop DAPP or PWA you will develop something called DWAS that's decentralized web apps
where the app will be hosted on a node in the network rather than on a central server,
You may ask how is this any different from web 3 it's simple in web 3 all the data is decentralized but
In web 5 the organization can store data related to their platform on their own servers but as a users will be able to abstract your personal information and preferences.
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