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Worldcoin, the brainchild of OpenAI CEO Sam Altman, today unveiled its latest development called World Chain, an Ethereum layer 2 (L2) network based on Optimism’s OP Stack. With this new blockchain, Worldcoin’s vision is to build an open and collaborative network “by humanity” and “for humanity.”
Introducing World Chain, a new blockchain designed for humans ⚪️ pic.twitter.com/qNb7S3vqut
— World Coin (@worldcoin) April 17, 2024
According to Worldcoin’s blog announcement, the new blockchain is Designed to prioritize. humans are over bot, provided Verified private priority block space and gas allowances for everyday transactions.
World Chain aims to give developers access to millions of real users globally, with a focus on practical applications in everyday life, the team said. Integration with the Worldcoin protocol is set to drive growth and ensure security and scalability within the Ethereum ecosystem by leveraging World ID’s personal proof.
The network will be permissionless and open source. is going to be Independently managed by the community. World Chain’s Scheduled release date is late This summer.
Since its founding nine months ago, Worldcoin has been at the forefront of promoting proof-of-private and decentralized finance. With over 10 million people in 160 countries created Worldcoin, the World ID and compatible wallet, has facilitated 75 million transactions. The rapid expansion of the Worldcoin community requires advancements in blockchain technology, especially in terms of efficiency, user experience, and utility.
World Chain is poised to significantly increase capacity. that much We continue to grow our user base and provide a more efficient trading experience. Network design is a direct response to: problems arising from automated trading; often crowded network and inflate charge. World ID allows users to anonymously prove themselves. humanity, allow priority transaction and Assignment We offer free gas to lower the barrier to entry.
For developers, World Chain is new Able to engage on-chain users at scale, Frontier offers a suite of decentralized finance and identity applications that meet everyday needs. This ecosystem will be supported by World ID. sybil resistance and will do It revolves around Worldcoin, stablecoins, and various financial services.
In the spirit of Worldcoin, World Chain will be a community-driven project that emphasizes open source development, permissionless access, and alignment with Ethereum values.
Worldcoin said it would continue to contribute to Ethereum’s network and collaborate with the wider Superchain. the ecosystem Advancing shared goals in scalability, security, and interoperability.
Optimism also shared its excitement about the introduction of World Chain. Notably, Coinbase’s L2 network, Base, also leverages the OP stack, highlighting the growing adoption of this innovative scaling solution.
🔴 The Optimism ecosystem continues to grow. @World Coin It was announced that World Chain will be built based on Super Chain.
Another L2 choice for the OP stack:
🧑🤝🧑 More than 10 million users join Superchain
📈 Revenue contribution @optimism group
✨ Collaborative ecosystem development— Optimism (@Optimism) April 17, 2024
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