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Home » WORLDCOIN LAUNCHES WORLD CHAIN: A LAYER 2 SCALABLE BLOCKCHAIN SOLUTION

WORLDCOIN LAUNCHES WORLD CHAIN: A LAYER 2 SCALABLE BLOCKCHAIN SOLUTION

John Hobbs by John Hobbs
April 19, 2024
in Tech
Worldcoin Rebrands to 'World' and Introduces Major Tech Upgrades
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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.

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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.

Tags: Feature
John Hobbs

John Hobbs

John Hobbs serves as the co-Leader of the Coin Culture tokens and data team for Australia site, specialising in crypto derivatives, DeFi, market microstructure, and protocol analysis. John possesses a cryptocurrency portfolio including assets such as YFI, SHIB, DOGE, USDT, MATIC, MANA, GLMR, LINK and XMR. Additionally, he contributes over $5,000 to liquidity pools across various platforms including Compound, Curve, SushiSwap and PancakeSwap. John has a professional background in finance and data analysis, with over five years of experience as a crypto investor.

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