Jack Dorsey, a well-known Bitcoin maximalist, has habitually dismissed all cryptocurrencies and chains other than Bitcoin (BTC) as unsatisfactory and untrustworthy. Most recently, after Jack Dorsey misspelled the cryptocurrencys name on Twitter, Solana jokingly renamed itself Solano.
This past Friday, the Twitter co-founder announced the intention of Block subsidiary TBD to create Web5, which will reportedly be an extra decentralized platform constructed on top of the Bitcoin blockchain to address what Dorsey sees as Web3s failures to safeguard users privacy and personal data.
Although Solana is still called as such on the companys official website, many are nevertheless wondering what the future of the cryptocurrency will be after repeated exploitations on the Layer-1 blockchain had resulted in a seemingly irrecoverable loss in investor confidence and interest.
Meanwhile, many are actively questioning what Jack Dorsey means by Web5 when the world has not even fully entered the Web3 era as of yet. Some have taken it as little more than a joke, whereas others are very interested in what the former Twitter CEO has planned for the future.
Jack Dorsey Announces Plans For Web5


Subscribe to the CryptoWeekly Newsletter
Get the top stories, funding deals, technical analysis, cryptocurrency jobs and much more delivered to your inbox, every Monday morning.

February 06,2025
MicroStrategy Rebrands To Strategy As Bitcoin Acquisition Continues

February 06,2025
Legal Watchdog Calls For Investigation Into TRUMP Meme Coin

February 06,2025
TIGER 21 Invests Up To $6B In Crypto

February 06,2025
Hacker Exploits Jupiter X Account To Promote Fake Meme Coins

February 05,2025
Block Production Temporarily Halted By XRP Ledger

February 05,2025
Moonray To Launch On Xbox And PS5 This Year

February 05,2025
Semler Scientific Becomes 10th Biggest Bitcoin Holder

February 05,2025
U.S. SEC Finally Reduces Crypto Oversight

February 04,2025
Crypto Market Recovers After Trump Delays Tariffs

February 04,2025
U.S. Parents Are Choosing Bitcoin Over 529 College Plans

February 04,2025
Over $20M Liquidated As PEPE Continues To Struggle

February 04,2025