Worldcoin’s World Chain: A New Blockchain for Verified Humans with Retina-Scanning Technology

Worldcoin, the cryptocurrency initiative founded by Sam Altman, is making waves in the blockchain world with the upcoming launch of its own blockchain called World Chain. This new layer-2 network on Ethereum is set to revolutionize the way users interact with cryptocurrencies by offering a unique digital passport known as “World ID” in exchange for retina scans.

The decision to create an independent blockchain comes as Worldcoin aims to establish a platform for “verified humans” and combat the prevalence of bots in the digital space. By prioritizing verified human users in block space allocation and offering lower transaction fees, World Chain is poised to provide a more efficient and cost-effective experience for its users.

Tiago Sada, head of product, engineering, and design at Tools For Humanity, the organization behind Worldcoin, highlighted the challenges posed by bot activity on existing blockchains and emphasized the importance of prioritizing human users for faster processing. The project’s focus on “proof of personhood” through its unique orb device, which verifies human identity through eyeball scans, sets it apart in the industry.

With World Chain set to launch this summer, Worldcoin is positioning itself as a major player in the blockchain space, aiming to elevate its WLD token to the same status as Ether (ETH) and offer users a seamless and secure experience. Despite facing privacy criticisms in the past, the project has made significant strides in addressing these concerns and expanding its reach to over 70 million transactions.

As the crypto market continues to evolve and AI technologies advance, Worldcoin’s innovative approach to digital identity and transaction processing is sure to attract attention and drive further growth in the industry. Stay tuned for more updates on this groundbreaking initiative.