ACM A.M. Turing Award recipient Tim Berners-Lee, credited with inventing the World Wide Web, considers Web3 nonviable for building the next iteration of the Internet.
At the Web Summit in Lisbon, Portugal, Berners-Lee called Web3 a vague term to describe a theoretical Internet that is more decentralized than the current Web, incorporating technologies like blockchain, cryptocurrencies, and nonfungible tokens.
Berners-Lee described blockchain protocols as "too slow, too expensive, and too public."
He said people frequently confuse Web3 with his Web 3.0 framework for reconfiguring the Internet.
His new Inrupt startup intends to allow users to control their own data via a global single sign-on feature for universal logins, login IDs that let users exchange data, and a "common universal application programming interface."
From CNBC News
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