What is TBD's 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.

Does Dorsey support bitcoin?

Dorsey is a big supporter of Bitcoin, and the Web5 project will be built on the Bitcoin network. The Web5 platform will rely on ION, a layer-2 protocol created on the Bitcoin network. Moreover, unlike Web3 applications that rely on networks like Ethereum, Dorsey’s Web5 will not create and issue any new tokens.

What is TBD & how does it work?

TBD was launched in July 2021. The goal of this company was to create “an open developer platform” that focuses on Bitcoin and decentralized finance (DeFi). The first offering promoted by TBD is a platform that offers a new version of the internet where users will have total control over their data. Your capital is at risk.

Will TBD create a decentralized web platform?

TBD says it wants to create a decentralized web platform to solve this problem. It will be made up of “a new class of decentralized apps and protocols,” according to its website.