Tools for Humanity, the creators of the Worldcoin project, have announced the upcoming launch of the World Chain blockchain later this year. This new blockchain, developed using a “superchain” from Optimism, will be built on top of the Ethereum blockchain and will utilize ETH as its native token. Worldcoin (WLD) can be used to pay for gas fees on the network.
According to Tiago Sada, the head of product, engineering, and design at Tools for Humanity, World Chain is being developed because the Worldcoin project has outgrown the Optimism mainnet. Sada expressed admiration for the Optimism stack and highlighted its use as the foundation for World Chain.
Worldcoin users make up a significant portion of the activity on Optimism, with over 2 million active users utilizing Worldcoin’s technology daily. The goal of World Chain is to provide a dedicated network for Worldcoin users to enhance their experience and scalability.
A layer-2 blockchain like World Chain is built on top of a larger blockchain, such as Ethereum, to facilitate faster transactions. Examples of layer-2 protocols include Optimism, the Bitcoin Lightning Network, and Polygon.
Since its launch, Worldcoin’s World ID has attracted over 10 million users in 160 countries. Over 5 million individuals have verified their identity using Worldcoin Orbs, with the aim of confirming real human users and preventing automated bots.
World Chain is designed to prioritize verified human users over bots and offer a gas allowance for casual transactions. The project aims to provide an open and inclusive blockchain for all users.
Despite its success, Worldcoin has faced controversies, including privacy concerns raised by several countries. Sada emphasized that Worldcoin and World ID prioritize privacy and allow users to sign up anonymously with self-custodial data.
While Worldcoin is currently limited to specific regions, World Chain, World app, and World ID are accessible to users worldwide. Sada highlighted that World Chain can be accessed through supported wallets and offers additional benefits for users with a verified World ID.
Despite a recent decline in value, the WLD token is trading at $5.00 per coin, up 4.4% since the announcement of World Chain. The project continues to evolve and expand its offerings to provide a secure and inclusive blockchain experience for all users. The Importance of Regular Exercise for Overall Health
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