Worldcoin (WLD) to Launch World Chain on Ethereum L2

Worldcoin upcoming Layer-2, World Chain, aims to enhance efficiency and user experience by prioritizing verified human users over bots.

Sam Altman’s Worldcoin is preparing to launch its Layer-2 blockchain, dubbed World Chain, as it continues to attract more users. This will allow the cryptocurrency to become more efficient.

Tools for Humanity, the primary developer group responsible for the Worldcoin project, has made an announcement regarding the impending initiative.

World Chain to Improve Worldcoin Efficiency

The company stated that only “verified” humans will be able to “enjoy priority blockspace over bots and some free gas.” The World Chain will be protected by the Ethereum network, as stated by the company.

Through the use of this new blockchain, developers have the ability to reach millions of actual consumers all over the world with applications that are centered on providing usefulness for day-to-day life.

Notably, the group that is responsible for the tool is working hard to make it available to the public this summer. According to a statement that was made public, the purpose of World Chain is to “increase capacity so that new people can continue to join at scale and existing users can enjoy transactions that are faster, cheaper, and more reliable.” Altman, who is currently overseeing the Worldcoin project, will have a strong connection with World Chain. This will allow World Chain to speed expansion and exploit the proof of personhood that World ID provides.

It is important to note that the Worldcoin project, which is rather popular, provides World IDs to individuals who have demonstrated that they are humans by means of an iris scan technology known as Orb verification.

Individuals who sign up for this service receive cryptocurrency in the form of WLD tokens. According to the project’s official website, more than 5 million individuals have registered for the Worldcoin platform.

The establishment of the Worldcoin project aimed to aid the internet in distinguishing between human players and non-human actors.

Worldcoin Addresses Global Regulatory Concerns

The corporation launched the L2 on Ethereum at a time when it faces complex regulatory issues on a global scale. A discussion regarding the worldwide digital identity and cryptocurrency initiative’s legal validity and compliance was required to take place as recently as one month ago.

In order to shed light on its operational, regulatory, and compliance status in various service zones, Worldcoin went to great lengths. The corporation announced that it would be implementing extra privacy features in response to growing global pressure.

A new Unverify World ID option is included in the new package, which centers on personal custody as its primary focus throughout. Additionally, the functionality allows for the utilization of cutting-edge technologies such as zero-knowledge proofs (ZKPs).

This will give users more control over their personal information while preserving the network’s integrity. Among the many strategies that indicate Worldcoin’s dedication to protecting the privacy of its users, this one is particularly noteworthy.