TBD, the Bitcoin subsidiary of former Twitter CEO Jack Dorsey, has launched a new open source toolkit for its Web5 project, aiming to make it easier for developers to create decentralized Internet applications.
This collection of technologies includes DIDs; secure digital certificates called Verified Credentials (VCs) that provide legal proof of name, age, and asset ownership, and Decentralized Network Nodes (DWNs) that store data in a decentralized manner. The full Web5 platform will be launched later in 2023, but with this initial version, developers can start building decentralized applications on the TBD developer platform.
One of the first applications TBD will launch on its Web5 platform will be a remittance app for Africa and Mexico that uses bitcoin and stablecoins as payment rails. The app will be based on TBD’s open source project, TBDex. (CoinDesk)