"In practice, the WHATWG has basically been operating like this for years, and indeed we were going to change the name last year but ended up deciding to wait a bit since people still used the term 'HTML5' a lot," Ian Hickson, an HTML specification editor, said in a statement. "However, the term is now basically being used to mean anything Web-standards-related, so it's time to move on!"
The need for HTML versioning has become less and less important as browser vendors simply implement new HTML features at their own pace and tend to ignore whether they have been standardized or not. Web developers in turn adopt the new features when enough mainstream browsers support them.
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