My first impression of Web2+Web3=Web5

It’s been a while since Web5 rolled out at midnight on June 10th. When the word “Web5” and meme pictures started popping up on Twitter, I thought it was a joke. But when I finished reading PPT (Web5: Decentralized Web Platform), I was amazed at the seriousness of it.

Some immediately began to think it was true, but many others seemed puzzled. The timing was right, even Web3 was just starting to gain mass acceptance, and then suddenly the “5” was released, skipping the “4”. The people who seem to be able to react immediately to Web5 are those who are uncomfortable with the existing Web3. I’m impressed with the various viewpoints, because the viewpoints held are different depending on where they are uncomfortable, such as network architecture, economic thinking, business structure, etc.

Basically, the content of the talk focuses on the architecture of the system. Background ideas and what social benefits they are aiming for in the future are only supplemented by comments at conferences where they are speaking and tweets by members. So basically, unless you’re a systems architect, or someone who’s been in the blockchain world all the time, it’s hard to understand the network. If it’s just keywords like DID, it’s all there already. So what is the impact of this Web5? “That’s it!” This feeling expresses architecture and design that is like solving a puzzle. I think this is indeed “Web2+Web3=Web5”. Also, I personally feel again something similar to the source of US leadership in the internet, they don’t take what’s already there for granted, but take on a new look from the ground up without leaving any discomfort .

With all that said, here’s the impact I’m feeling:

  • Focus on identity, a problem for the next generation of internet
  • Restore the original form of the network, which is loosely coupled so it can scale
  • Shape the right thing, not leave an uncomfortable look

1. Focus on identity, a problem for the next generation of the Internet

In the 2010s, a decade that started with mobile and big data that drove the concentration of wealth and information in big tech companies, a decade later, social media impacted elections, ad tracking and filter bubbles became problems, and the negative impact of the internet on society came into focus . As third-party cookies in browsers begin to be disabled in response to these increases, a core issue of security and privacy is the handling of personal information assets.

The Web5 pillars DWN (Decentralized Network Node), DID (Decentralized Identifier) ​​and VC (Verifiable Credentials) address this issue squarely. DID is a mechanism for establishing a VC without a specific provider, while DWN is the basis for distributing necessary information on the application side based on DID/VC. As a simplified example, VC is driver’s license and DWN is rental car reservation information. Rental car reservation information is information that can be referenced by multiple agencies, such as car rental companies and travel agencies, with the permission of individuals. Licensing and booking information showing personal attributes and preferences has been a source of competitiveness for service providers who accumulate and analyze this information, monetize it through advertising and cross-selling, and create filter bubbles on social media and other media. Web5 is a proposal for an architecture to put this information back into everyone’s hands, and how to reshape the internet for this purpose.

2. Restore the original form of the Internet, the decentralised coupling, so that it can scale.

Since Web5 was proposed by TBD, which is owned by Block Inc. (formerly Square), which promotes Bitcoin, it’s easy to think it’s based on Bitcoin, but if you read the PPT carefully, you’ll see that the word “Bitcoin” doesn’t exist at all Appear. There is only one Bitcoin-based application called tbDEX and one DID solution called ION, and that is only used in examples as proper nouns. So the design of Web5 itself can be done with other blockchains other than Bitcoin, it maintains a level of abstraction and neutrality that the blockchain doesn’t even need to start. DWN, DID and VC are all discussed by some standards bodies such as W3C or DIF, which is a collection of protocols and stacks with clear responsibilities. They are collections of protocols and stacks with well-defined responsibilities.

In my last article (a step beyond OSS), I enumerated four elements as the conditions for commons to be driven in the Internet and software, and explained it by taking the narrow HTML/HTTP/URI of the Web as an example. Repeat below These elements:

  • Goal: Simplicity to do one thing well
  • Scope: End-to-end coverage
  • Amplification: The leverage effect that occurs when many people, machines, and software are used.
  • Use: Be an open and free resource

Looking back at the PPT, I think all the elements are well met. Each protocol is independent and can be freely combined and extended, so it is easy to invent the next protocol, and it follows the principles of the Internet and can be extended in almost limitless ways. Therefore, it can be smoothly combined with Web2. PWA is one of the technical achievements of Web2, and it can also be combined smoothly. DWA (Decentralized Web Apps) will be proposed as a further development. “Web2+Web3=Web5” is a true statement.

One area that requires special attention is DWN. When designing this kind of thing, the question arises of how to add patterns for the specific purpose of each application. New types of personal information assets are emerging one after another in various fields, and there is also the issue of Bitcoin’s capacity. Therefore, I interpret DID as storing only the most important credentials and distributed access control infrastructure, like an extension of PKI, providing encryption keys to DWN. So I interpret DID as storing only the most important credentials and a distributed access control infrastructure like an extension of PKI that provides encryption keys to DWN which is an extended store that can be extended to more different data without increasing the burden of DID. By using query parameters, the DWN is decoupled from the DID itself, while maintaining the DID’s namespace, so the DWN can be built freely and infinitely on the personal and product axes.

By the way, since we’re talking about Bitcoin and not Web5, I still think Bitcoin’s L2, LN (Lightning Network), also gets full marks. I personally think that the future of Bitcoin will be the development of a dedicated L2 with a single responsibility, such as LN for payment and ION for identity. L1 doesn’t even need an account, let alone a smart contract. This is what emerges when we delve into the SoV (Store of Value) and MoE (Medium of Exchange) properties of money.

As the core smart contract platform of Web3, it is not only a platform for currency, but also a platform for barter. The challenge of replacing Web2 applications with smart contracts is also being accepted. I’m not going to say how much computer engineering bullshit this is, nor that it’s a barbaric act of disrespecting the assets accumulated by progress, as various scholars have denounced, but at least the smart contract platform is in the nature of a fringe domain application. Guided, is Simple Made Easy.

As for the smart contract platform itself, I find it useful. As mentioned in the previous article, as a mechanism that is transparent not only to source code but also to executable code. I also feel that DAO & Governance Token of Securities 2.0/KKK 2.0 has the potential to become a new form of Internet society. Rollup can still implement a specific L2 with a single responsibility, it can also be a single application. However, I am increasingly skeptical that L1 of blockchain is necessary. It’s too dense. The more we try to expand use cases in the future, the more obvious the burden of density will become, such as the management of private key revocation.

3. Shape the right thing, not the uncomfortable look

Web3 has changed a lot with the “pump” created by the new industry that started the year before. Even if they think something is wrong, they take what is already there as a given and focus on improving the service on top of it. It’s an obvious sponge plan, but we can see those who are keen to improve become a “good sponge”. Although “decentralized”, in the end, users expect and support management to maintain price rates and compensate for losses. The focus has shifted to what customers want and what is easily understood by the masses, rather than what is right.

This is a natural thing for a top application service, but shouldn’t we reconsider “decentralized” signage? Web5 means “decentralization” is over. It depends on the basis of the identity. The most important application can be Web2. Project members also say “No token” and “No SmartContract”, which appears a bit in the documentation. The real meaning of this is unclear, but at least it is clear that it will not be used around the identity infrastructure presented this time. Identity does not require tokens or voting governance. It’s not something that can be traded, and it’s not something that is decided by a majority vote.

Web5 is carefully designed to be abstract and neutral, but I can say with certainty that its birth itself was born out of Bitcoin. Bitcoin was born out of the question of what is money? What is value? What is economic freedom? There is no compromise. Taking Bitcoin as a teacher, Web5 will ask what does “decentralization” mean? What are human rights? What is the current network missing? What does the future of the Internet require?

When they find the answer to this question, they will change it from the foundation of the Internet. The more I looked at it, the more appropriate the name was, but to be honest, I also didn’t think the name Web5 itself was important. The focus is on enabling identity on the Internet, built on a core of cryptography, mathematics and computer science. There are so many hurdles it faces that I can immediately think of it. It’s about changing the dynamics that make existing services profitable, but also confronting differences in legal principles such as personal information laws in different countries. The way forward is a far-reaching, truly long-term vision, what I call the challenge of discontinuous innovation, and I’m struck by the sheer scale of it.

Create an asset layer between the internet and the application layer

If we think about the architecture of the Internet in terms of the goals of Web5, it may be easier to understand if we think of it as creating an asset layer between the network layer and the application layer. While Bitcoin has successfully made money a native part of the internet, we are now going to make identity a native part of the internet. Money is a financial asset, identity is a personal information asset, and if the two are abstracted to another level, they can be classified as “assets”. A library of assets on the Internet, but where the sovereignty of the individual is guaranteed, is created and, with his/her permission, can be used by higher-level applications to further enrich our daily lives.

Putting micropayment LN and identity together, we will also see a shift in the internet advertising model. I haven’t seen such a story yet, but I’m assuming there must be a group of people out there looking for an implementation. After all, Block and TBD are led by Twitter co-founder Jack Dorsey, who has been fighting for the monetization ideals of social media. Plus, since it’s called DWA, they’re probably looking to democratize store distribution. As the market for smartphones grows, with the iPhone and Android becoming the two dominant players, the demand for democratization will only grow stronger in terms of apps that oppose the oligopoly of paying fees. The combination of Bitcoin/LN and DWP (Decentralized Web Platform) will provide the basic ingredients. Of course, removing the app store and installing it natively in the operating system is fraught with difficulties.

The philosophy behind Web5 and what social benefits it aims to achieve have not been fully discussed. Project members also said that there are many problems to be solved in the future, and Web5 is only the framework of the project. However, the future of this architecture is very imaginative.

Why America will be the center of the internet

I was deeply moved by the introduction of tbDEX to Web5 that turned out last fall, and I’ve been following this background, and I feel like I’m witnessing once again building a replicable way to create a global, open, and free platform . There is another approach that spans Web2 and Web3, also known as Web2.5, where both Web2 and Web3 are considered given and individual services are created using them. Web5 treats both Web2 and Web3 as problematic and “fixes” them all at once. To do this, it’s not about individual services, it’s about changing the underlying network structure. What a bold and important approach this is!

However, when one unravels the history of the web and the Internet, it is revealed that this has actually happened and succeeded many times in the past in the United States. The history of how the internet has swung like a pendulum between law and software is detailed in Lawrence Lessig’s book, which I touched on in a previous article. Even before the web, the internet has been experimenting, reinventing it every time it becomes more centralized and swinging it back to a decentralized state. Its history of success seems to be shared by many, whether we should call it culture or common knowledge. That’s why I thought I’d introduce it again this time in a light-hearted way.

Below is a demonstration of the “mother of all demonstrations” that imagined and shaped the computer of the future before personal computers existed. It’s also a truly bold and essential approach. The mouse is embodied and named here. Hypertext, which is already common on the Internet today, also appears at the heart of future computers.

Douglas Engelbart, the man behind this demo, had a rather unhappy later life. He’s not a flattering person. But I believe that it is because of this humanity that he is able to pursue what it takes to realize his vision and empower his imagination, without thinking too much about how many people will love him. On the other hand, I also believe that he can only go so far alone. To make this a reality, he also needs other knowledge and abilities. It is also important to get many people involved and share the same vision to spread it. Engelbert’s mouse had two orthogonal X and Y discs, but in the 1970s, others developed a spherical mouse that went mainstream. Hypertext was popularized by the web, enriched by ARPANET (of which Mr. Engelbert was also a participant) and other projects such as the Xanadu project. The invention of concepts and theories was followed by the invention of architecture, then the invention of communication, and the baton for many has continued for decades.

The Internet started out as a system for sharing files. Hypertext, at its core, was conceived (as we thought) more than 40 years before the web. It was given form more than 20 years ago. The more we learn about Web5, whatever it will be called in the future, it seems to be at the forefront of history.

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/my-first-impression-of-web2web3web5/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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