Web 5.0: The extension of web functionality. | by Aransiola Leom Ayodele | Coinmons | June 2022

Photo by Stefan Cosma on Unsplash

deep dive

Pillars of Web 5.0

  1. DID did:// : This self-owned identification allows decentralized authentication and identity routing.
  2. Verifiable Credentials (VC): data formats and strategy for presenting and verifying assertions cryptographically.
  3. Decentralized Web Nodes (DWN): It manages data storage and message relay nodes. It therefore serves as the backbone of decentralized applications and protocols.

Anatomy of a web 5.0 identity wallet

  1. Data Management: It has a Graphical User Interface (GUI) and management capability DWN credentials and application data.
  2. Identification function: signing, verifying, discovering and presenting identification information to verifying parties.
  3. It performs authentication and manages authentication — “DID auth”.
  4. It supports creating, updating and updating DID across all supported DID methods.

The evolution of DWA from PWA

image showing the evolution of DWA from PWA

Interesting Part of Web 5.0 – Fun Facts

  1. When DID and DWN are used together, they create a network of DID– Secure messaging, data storage, and credential sharing that can replace single protocols with universal standards for all kinds of semantic data transmissions.
  2. In today’s world, many actions require the establishment of a relationship of trust between the parties. Individuals, organizations and businesses can use DIDthe sand DWN to broadcast credentials that anyone can independently find and verify.
  3. When you need data from your collection across multiple platforms, you won’t have to re-enter it. You can give these platforms access to your saved data, such as travel reservations, music playlists, bank account information, etc.

Conclusion

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