Jack Dorsey has announced plans for Web5, a successor to Web3. How do these blockchain standards work?
Many popular websites are rushing to embrace cryptocurrency, blockchain, NFTs, and related technology. However, the trend is part of a long journey that began in the earliest days of the web. Here’s how standards have progressed.
Web1 and Web2 Came Before Blockchain
When the internet came into common use in the 1990s, it was primarily made up of static web pages. Users could retrieve information, but even basic interactions such as on-site comments were rare. Often, user content was published manually.
Later, around 2005, Web2 emerged as a de-facto standard. Websites began to allow users to interact and post their own content in a variety of ways—through social networks, blogging, comment sections, video sharing, and more. Web2 began when websites introduced ways to automatically handle user data.
Many major websites, including Google, YouTube, Facebook, and Twitter, are Web2 sites...
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