Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
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

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Encryption Inheritance Update: April 2, 2025

June 6, 2025

Defi, not MICA II at the front line

June 6, 2025

Improve video content with VEO 3: Comprehensive guide to effective prompt

June 6, 2025

Is the trump Fuel Fuel Dogecoin in ELON Musk less than $ 0.10?

June 6, 2025

The HBAR price aims for $ 0.40 when a big decision of the SEC comes.

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Start BTC, DOGE and ETH mining today!

June 6, 2025

AI increases artistry as an innovative creation at NVIDIA GTC Paris.

June 6, 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

Use Sunny Mining Cloud Mining to earn $ 12,000 a day

June 6, 2025

Investors are the main level of support of the eyes.

June 6, 2025

Encryption Inheritance Update: April 2, 2025

June 6, 2025
Most Popular

Call Simulator partners with ElevenLabs to power AI-based conversation training.

October 11, 2024

Ethereum: Will the Dencun upgrade be the savior L2 needs?

January 14, 2024

More than $6.3 billion worth of Bitcoin options are set to expire this Friday on Deribit.

April 24, 2024
  • 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.