'An Introduction to Web5: A New Decentralized Web Venture' web5 web3vsweb5
The second component is the Decentralized Identifier. A DID is a cryptographically generated and registered globally unique permanent identifier that does not require a central registration organization. There are no centralized providers or trusted authorities, unique utility tokens, or subjective consensus; therefore, identifiers are self-generated and self-owned.
Without the need for a third-party organization, a single user will be able to grant authorization to apps and control their data. Users will no longer need to memorize complicated passwords because they can use their wallets to unlock apps and "carry their data with them" at all times. Despite getting rid of the worst of Web3, Dorsey's Web5 project is still plagued by communication problems. The corporation continues to hide its operations behind technical jargon, which is incompatible with what they claim to be a democratic system.
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