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Jack Dorsey, the former Twitter CEO, has just announced a new platform on Twitter, called ‘Web5’, a combination of web2 and web3, built on the bitcoin blockchain. Jack tweeted that Web5 will likely be our most important contribution to cyberspace. Tim Berners-Lee talked about Web5 while giving a lecture at TED Talks back in 2009: “Open, connected, intelligent Web”, which he called the Emotional Web. The three core components of Web5 are as follows: Decentralized identifiers, Verifiable credentials, and decentralized web nodes.
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