Jack's Bitcoin-backed decentralised Web5 TBD, Jack Dorsey's B | Bullets

Jack's Bitcoin-backed decentralised Web5

TBD, Jack Dorsey's Bitcoin-focused business arm and a subsidiary of Block Inc., revealed recently that it is developing a new decentralised web: Web5.

Web5 is predicated on the belief that Web3, the concept of creating a decentralised web utilising blockchain technology and cryptocurrencies, has good intentions but employs the wrong tools.

Web5 uses Bitcoin, the decentralised monetary network, plus a slew of excellent computer science technologies to establish a new ecosystem of decentralised identities, data storage, and apps in which the users have ownership over their personal data.

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