Sam Altman's initiative, Worldcoin, is about to roll out its own Ethereum Layer 2 network called World Chain.
In Brief
Worldcoin is preparing to launch World Chain, a network on Ethereum’s Layer 2, built using the Optimism OP Stack, with a summer debut on the horizon.
Led by OpenAI's CEO Sam Altman, the biometric cryptocurrency initiative, known as Worldcoin, is making strides. Worldcoin The (WLD) token has announced forthcoming developments, including the launch of World Chain, an Ethereum (ETH) Layer 2 framework, anticipated this summer. This new network will be constructed utilizing the Optimism OP Stack, an open-source framework for developers.
Shifting to a dedicated network will place World Chain in a prime position to enhance both scalability and decentralization in the Layer 2 ecosystem on Ethereum, optimizing its role within the Superchain landscape. Additionally, this upcoming network will allow Worldcoin users to pay transaction fees using either WLD or ETH.
Furthermore, the launch of World Chain is expected to boost Worldcoin's scalability, enabling the platform to serve a broader audience while facilitating quicker, more affordable, and reliable transactions for both newcomers and existing users.
Users who have completed an iris scan to obtain their 'World ID' digital passport will have priority access to blockspace over automated scripts and will also receive gas fees as a bonus. World ID Worldcoin Rolls Out Personal Custody Feature To Enhance Data Protection.
Founded in 2023 by Tools of Humanity, with Sam Altman as a key figure, Worldcoin aims to create a 'privacy-preserving' platform for digital identity verification. Its goal is to build the largest global human identity and financial network, ensuring ownership for every individual. Through iris scanning for identity verification, users are rewarded with a small allocation of WLD tokens. Current information from their site suggests that Worldcoin has...
The new feature is designed to securely manage various data types, including images, metadata, and generated data from the Orb utilized during the iris code creation process for World ID verification on the user’s device. It enables users to control how their data is organized and preserved. attracted over 5 million sign-ups.
Recently, Worldcoin unveiled a new Personal Custody In transaction volume terms, Worldcoin currently holds the position of the second-largest protocol on the OP Chain, with its WLD token exhibiting the highest market capitalization on the chain, second to ETH and the native OP coin.
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In line with the Trust Project guidelines Alisa, a devoted journalist at Cryptocurrencylistings, specializes in the intricate worlds of cryptocurrency, zero-knowledge proofs, investments, and the expansive universe of Web3. With a sharp focus on emerging trends and technological advancements, she provides in-depth insights to keep readers informed and engaged in the rapidly changing realm of digital finance.
