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Introduction To Web5

Mbanugo Franklyn's photo
Mbanugo Franklyn
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2 min read

Web 5 brings decentralized identity and data storage to your applications. This means that applications can be built and deployed without relying on centralized platforms for user identity and data management. Unlike Web3, which enables users to have limited control over their identity data stored on Decentralized Apps.

In this article, we will be discussing what Web5 is, how Web5 works, and the components of Web5.

What is Web5??

Web5 is a decentralized platform that provides a new identity layer for the web to enable decentralized apps and protocols. In Web5, you can store and control your data with decentralized web nodes(DWNs).

How does Web5 work??

A Web5 application uses decentralized identifiers, verifiable credentials, decentralized web nodes (DWNs), and decentralized web applications (DWAs) to offer only two use cases – data sovereignty and full control over this data.

“Web5 brings decentralized identity and data storage to your applications” TBD addressed in their announcement. “It allows individuals to focus on creating enjoyable user experiences while returning ownership of data and identity.”

In the next section, we will be looking at the components of Web5.

Components of Web5

There are three main components of the decentralized web platform.

  • Decentralized Identifiers(DIDs)

    This is a W3C standard. It is a self-generated and self-owned identifier that helps authenticate and route identities. This means that individuals, rather than centralized authorities, own and manage their DIDs, allowing them to control their data and privacy.

  • Verifiable Credentials

    They are fully ratified W3C standards that work hand in hand with decentralized identifiers(DIDs) to enable trustless interaction. This means that individuals can prove their claims about themselves without the need for intermediaries, such as governments or organizations.

  • Decentralized Web Nodes(DWNs)

    It allows you to separate your data from the application in use and host your data yourself in your personal data stores.

    It also enables you to secure, manage, and transact your data with others without relying on a third party's specific infrastructure.

Conclusion

Web5 is a decentralized platform that provides a new identity layer for the web, which enables users to store and control their data using decentralized web nodes(DWNs).

In this article, you are to understand what Web5 is, how it works as well as the main components of Web5.

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