Jack Dorsey’s TBD Presents Bitcoin-Based Decentralized Web5

Jack Dorsey’s TBD Presents Bitcoin-Based Decentralized Web5

TBD’s Web5 takes a different approach than Web3 on how to build a properly decentralized internet, with Bitcoin being the single blockchain used in the project.Jack Dorsey’s Bitcoin-focused TBD business unit, a subsidiary of Block Inc., announced Friday that it is building a new decentralized web: Web5.Web5 is based on the assumption that Web3, the idea of building a decentralized web with blockchain technology and cryptocurrencies, has the right intentions but is using the wrong tools. Web5 leverages Bitcoin, the decentralized monetary network, and a plethora of sound computer science....


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Jack Dorsey is building ‘Web5’ powered by Bitcoin

Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management. Block subsidiary TBD has announced plans to build a new decentralized web centered around Bitcoin (BTC), underscoring founder Jack Dorsey’s belief that the largest blockchain network will play a major role in the internet’s evolution. The new project, called “Web5,” represents the latest Bitcoin-centric endeavor to be pursued by Dorsey since stepping down as CEO of Twitter in November 2021.Whereas Web3 incorporates blockchain technology and tokenization to decentralize the....

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Will Bisq Be Part Of Jack Dorsey’s Bitcoin DEX Project? Here’s The 411

As NewsBTC informed, Square will develop a Bitcoin-only Decentralized Exchange. However, will they work in conjunction with Bisq, the “peer-to-peer trading network”? Jack Dorsey seemed to confirm that both organizations are going to start talking at the very least. Why does this matter? What makes Bisq special? Keep reading to find out. Related Reading | Why Square Will Create New Bitcoin-Focused Company, According To CEO Jack Dorsey The Tweets That Point To Bisq Def! Cc:@brockm — jack⚡️ (@jack) August 27, 2021 Bisq answered that tweet with which Dorsey announced that his....