Sam Altman’s Worldcoin aims to introduce its Layer-2 blockchain named World Chain, to enhance its performance while accommodating an increasing number of users.
World Chain to Improve Worldcoin Efficiency
Tools for Humanity, the mastermind behind the Worldcoin project, recently unveiled details about an upcoming undertaking. As shared by the organization, this new initiative, named World Chain, will rely on Ethereum‘s network for security. Exclusively verified humans will gain priority access to blockspace and receive some complimentary gas in this system, setting them above bots.
Using this latest blockchain technology, developers have the opportunity to create apps that will benefit millions of users worldwide. Notably, the development team plans to make an official launch available to the public this coming summer.
According to the official announcement, World Chain is intended to expand its capacity to allow a larger number of new members to join and for current users to experience faster, more affordable, and more dependable transactions.
To speed up the expansion of this blockchain and utilize World ID’s Proof of Personhood, World Chain needs a close collaboration with the ongoing Worldcoin initiative overseen by Altman. It’s important to mention that the widely recognized Worldcoin project grants unique World IDs to individuals who have been verified as human through an iris scan called Orb verification.
Individuals who register for this platform receive digital tokens named WLD as their welcome gift. According to the main site, more than 5 million individuals have joined Worldcoin. Launched with the goal of distinguishing human presence from automated actors on the internet, the Worldcoin initiative was born.
Worldcoin Addresses Global Regulatory Concerns
With regulatory hurdles looming globally, Ethereum’s L2 (Layer 2) launch by Worldcoin occurred recently. Last month, this digital identity and cryptocurrency project had to clarify its legal position and ensure compliance in various parts of the world. To provide transparency, Worldcoin disclosed details about its regulatory situation and operations in different regions.
In response to increasing international demands for enhanced privacy, the corporation unveiled new measures. This includes the introduction of Personal Custody and an innovative Unverify World ID feature. Furthermore, these advancements utilize advanced technology such as zero-knowledge proofs (ZKPs) to ensure maximum security.
Users will have more power to manage their own data, while the network’s security remains uncompromised. This approach underscores Worldcoin’s dedication to protecting user privacy.
Read More
- SOL PREDICTION. SOL cryptocurrency
- USD ZAR PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- EUR ILS PREDICTION
- USD COP PREDICTION
- CKB PREDICTION. CKB cryptocurrency
- OOKI PREDICTION. OOKI cryptocurrency
- HUDI PREDICTION. HUDI cryptocurrency
- MDT PREDICTION. MDT cryptocurrency
- UFO PREDICTION. UFO cryptocurrency
2024-04-17 21:31