HTML 5 has been a buzz word around the interwebs for so long you'd be forgiven if you thought it was a well-established standard looking for a successor. In fact, nothing could be farther from the truth. The World Wide Web Consortium (W3C), which helps establish the primary standards used online, didn't actually intend to complete HTML 5 until 2022. Thankfully, the group has reconsidered that seemingly absurd timeline and now plans to have this whole mess wrapped up by the end of 2014. The revised plan calls for an HTML 5 Candidate Recommendation (sort of like a feature-frozen beta) to be submitted by the end of 2012, before being finalized in 2014. All existing bits of the standard that are unstable or that suffer interoperability problems will be pulled from that candidate and pushed to a draft version of HTML 5.1. While HTML 5 is being completed, its evolutionary successor will begin the process of marching towards standardization, with a target completion date of 2016. For a more detailed exploration of the future of HTML hit up the source link.
W3C says HTML 5 will be finalized in 2014, HTML 5.1 to follow in 2016
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