Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»TRADING NEWS»Worldcoin launches new Ethereum L2 network called “World Chain”
TRADING NEWS

Worldcoin launches new Ethereum L2 network called “World Chain”

By Crypto FlexsApril 18, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Worldcoin launches new Ethereum L2 network called “World Chain”
Share
Facebook Twitter LinkedIn Pinterest Email
  • World Coin plans to unveil a new blockchain, ‘World Chain’, this summer.
  • World Chain is an Ethereum L2 chain that integrates with WLD and World ID.

According to an announcement on Wednesday, April 17, WorldCoin will launch a new blockchain called “World Chain.”

After the news broke, the price of the native Worldcoin token, WLD, rose slightly. At the time of writing, it is up 3% in the last 24 hours to $4.90, but has been largely in negative territory since rebounding from a high of $6.57 on April 12.

World Chain – What do we know?

World Chain will be Ethereum Layer 2 and is expected to launch in the summer, Worldcoin, a project co-founded by OpenAI CEO Sam Altman, said in a blog post.

The new blockchain will integrate with the Worldcoin protocol and World ID’s personal proof, but ultimately the goal is to run independently as a community-driven project.

“World Chain will be an ecosystem of decentralized finance and identity apps focused on utility in everyday life.” commented the Worldcoin team.

Introducing World Chain, a new blockchain designed for humans ⚪️ pic.twitter.com/qNb7S3vqut

— World Coin (@worldcoin) April 17, 2024

According to the details of today’s announcement, World Chain is “designed for scalability of the superchain ecosystem.” However, the new L2 prioritizes verified humans over bots when accessing blockspace.

Additionally, the platform will provide gas quotas to verified humans to prevent bots from leaving the network. This makes it inaccessible to automated systems, such as bots deployed for airdrop farming, which often congest networks.

ETH will be the primary token, but users can also pay fees using Worldcoin’s token WLD.

Launched in July 2023, WorldCoin gave WLD tokens to people who verified their identity by scanning their iris through Orb. Through this project, over 10 million people have created World IDs and used the project’s native wallet, World App.

More than 5 million people have used this sphere to verify their World ID. However, the project has faced increased regulatory scrutiny since its launch, with the latest examples occurring in Spain and Portugal.


Share this article

category

tag

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

Why I am still optimistic despite noise

June 26, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

Unintended Consequences of FIT21’s Cryptocurrency Market Structure Act

May 25, 2024

Nigerian SEC proposes to increase registration fees for cryptocurrency exchanges

March 16, 2024

SEC decision to encryption rules: Request for customized regulations

February 7, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.