Worldcoin Unveils World Chain to Revolutionize Decentralized Finance and Proof of Personhood
In a groundbreaking move to revolutionize decentralized finance (DeFi) and introduce the concept of Proof of Personhood in the age of artificial intelligence (AI), Worldcoin has announced a major milestone in its journey since its inception nine months ago.
Worldcoin, co-founded by Sam Altman, is on a mission to provide users with a digital ID and free cryptocurrency in exchange for scanning their irises with a device called the “orb.”
With over 5 million individuals already verified on the Worldcoin platform, the launch of World Chain marks a significant moment in the project’s development. More than 10 million individuals from 160 countries have established a World ID and compatible wallet, resulting in an impressive 75 million transactions. Additionally, five million individuals have completed the Orb verification process to strengthen their World ID.
The introduction of World Chain comes at a crucial time in the blockchain industry, where efficiency, user experience, and utility are paramount. Worldcoin’s user transactions currently make up 44% of OP Mainnet’s activity, highlighting its position as a leading application on the network. However, during peak periods, this percentage can exceed 80%, surpassing the network’s capacity limits. The launch of World Chain addresses this issue by providing a dedicated network to accommodate the growing user base.
World Chain’s approach focuses on prioritizing transactions initiated by verified humans to reduce congestion and improve transaction speeds. Verified users will also receive a gas allowance, lowering entry barriers and promoting inclusivity within the ecosystem. The integration of WLD tokens for fee payments further enhances accessibility and usability for users.
For developers, World Chain offers a unique opportunity to tap into a diverse user base across different regions. With a focus on decentralized finance and identity applications, developers can leverage World Chain to create innovative solutions that address real-world needs.
Emphasizing inclusivity and collaboration, World Chain is committed to being a community-driven initiative. By embracing open-source principles and aligning with the Ethereum network, World Chain aims to usher in a new era of decentralized innovation with a human-centric approach.
With a developer preview set for release soon and a full-scale launch expected later this summer, World Chain is poised to lead the way in the evolution of decentralized finance, driven by the collective aspirations of humanity.
