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Home»ADOPTION NEWS»Worldcoin will have its own layer 2 blockchain called World Chain.
ADOPTION NEWS

Worldcoin will have its own layer 2 blockchain called World Chain.

By Crypto FlexsApril 18, 20243 Mins Read
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Worldcoin will have its own layer 2 blockchain called World Chain.
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Updated: April 17, 2024, 7:07 PM EDT

Sam Altman’s Humanity Proof Project World Coin world

-4.91%
We will soon begin leveraging our own layer 2 blockchain to improve efficiency as we onboard new users.

The new layer 2, called World Chain, will be secured by Ethereum, according to the statement. Users who are confirmed to be human will also “enjoy priority block space over bots and some free gas,” the statement said.

Officially, the Worldcoin Foundation is planning to launch a new Layer 2, but Worldcoin was primarily developed and promoted by Tools for Humanity.

Altman, CEO of popular artificial intelligence company OpenAI, is a co-founder of Tools for Humanity. The Worldcoin project is dedicated to assigning World IDs to people after proving they are human through an iris scan. Those who sign up will receive cryptocurrency in the form of WLD tokens.

The Worldcoin project’s vision revolves around the idea that the future health of the Internet requires a system that distinguishes between human and non-human actors.

World Chain is “According to the statement, it will increase capacity so that new people can continue to participate at scale and existing users can enjoy faster, cheaper and more reliable transactions. The new Layer 2 will be released this summer, he said.

According to Worldcoin’s website, more than 5 million people have signed up.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

About the author

RT Watson is a senior reporter at The Block, covering a variety of topics including US-based companies, blockchain games, NFTs, and more. He previously covered entertainment for The Wall Street Journal and has covered companies including Disney, Netflix, and Warner Bros. and the creator economy, with a primary focus on technological innovation across media. Previously, she covered corporate, economic and political news in Brazil at Bloomberg. She interviewed a wide range of figures for RT, including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers, and convicted criminals. She holds a Master’s degree in Digital Sociology.

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