Worldcoin Launches World Chain: A Move to Layer 2 for Enhanced Efficiency and User Verification

Worldcoin, a cryptocurrency project led by Sam Altman’s Tools for Humanity, has made a significant move in the blockchain space with the launch of its own Ethereum Layer 2 blockchain called World Chain. This strategic decision aims to enhance efficiencies and streamline the onboarding process for new users while managing the increasing user numbers.

The introduction of World Chain on top of the Ethereum network is part of Worldcoin’s broader strategy to maintain low transaction costs and high throughput. One of the key features of World Chain is its focus on prioritizing human-verified users over bots. Verified individuals will receive priority block space and access to free gas, reducing transaction fees typically associated with Ethereum.

Built using the OP Stack blockchain framework known for its scalability and efficiency, World Chain will implement “rollups” to bundle transactions securely on Ethereum, ensuring permanence and reducing costs. This transition from a decentralized application (DApp) on the Ethereum blockchain to an independent Layer 2 chain provides developers with greater control over their operations and potentially lower costs for their users.

Worldcoin’s unique identity verification process sets it apart from other projects, utilizing the innovative “orb” device to scan users’ eyeballs and ensure each account is tied to a verified human. This method of “proof of personhood” is crucial as AI technologies become more prevalent, ensuring the integrity and security of the network.

With over 10 million users across 167 countries, Worldcoin has actively promoted its platform through in-person orb scans at global events and pop-up shops. The launch of World Chain offers developers the tools to reach millions of users and build applications that require verified human interaction, solidifying Worldcoin’s position as a significant player in the cryptocurrency space.