Worldcoin is set to unveil its World Chain project this summer, advancing its technology with a Layer 2 blockchain. The project, led by Tools for Humanity under Sam Altman, aims to address scalability issues by improving onboarding speed and incorporating Ethereum, a well-established blockchain, to bolster its operations.
Introducing World Chain, a new blockchain designed for humans ⚪️ pic.twitter.com/qNb7S3vqut
— Worldcoin (@worldcoin) April 17, 2024
Enhancing the user experience
World Chain plans to enhance its user experience by increasing bandwidth and refining its interface. A key feature is the block space hierarchy for verified human users, reducing bot activity. The network’s authenticity is supported by an innovative iris scan, creating a registry of verified human users. This ensures network security and allows for zero-cost transactions, lowering operational costs and increasing accessibility.
Scaling the network strategically
Worldcoin’s introduction of World Chain is a strategic move to scale infrastructure with rising user numbers. This Layer 2 solution aims to speed up transactions, lower fees, and improve overall network efficiency. With over 5 million users already signed up, the launch of World Chain is essential to manage increased transaction volumes and maintain high service quality.
Focus on security and trust
Led by Sam Altman and his team, Worldcoin prioritises security and user authentication through its unique iris scan for identity verification. This sets a high standard for user identification in the crypto industry and helps distinguish the platform from others. By focusing on user security and reducing fraud, Worldcoin builds a trustworthy digital platform that maintains genuine and reliable transactions.
