Item: WEB5
Rating: 3.00

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WikiBit Risk Alerts

Previous Detection 2024-11-05

WikiBit has marked the token as air coin project for we have received overwhelming complaints that this token is a Ponzi Scheme. Please be aware of the risk!

WEB5 Price Chart

Introduction

Markets

0.00%

+27.63%

-57.8%

All

-49.5%

Web5 is a new decentralized network platform developed by TBD, Jack Dorsey's company, which aims to return users' control over their data and identity to individuals. Unlike Web3, web5 emphasizes the use of bitcoin as an infrastructure and does not rely on any other tokens. Its core idea is to build user centric applications through decentralized identifiers, verifiable credentials and decentralized network nodes.

The goal of web5 is to create a more decentralized and user friendly Internet environment and promote the autonomy and privacy protection of personal data.