Presenting World Chain, A Layer-2 BlockChain on an Ethereum network. Worldchain, a digital currency platform, sets an example for development by focusing all of its efforts on creating a new blockchain that facilitates user performance in the cryptocurrency space.
Worldcoin on April 16 announced, the launch of World Chain, a proprietary Layer-2 Chain on the Ethereum network, had been successfully deployed. With this cryptocurrency shift, Worldcoin honours a significant turning point in its mission to democratise Bitcoin access and build a more equitable financial system. In the era of artificial intelligence, this new blockchain prioritises security and verification for human users. World Chain seeks to provide a scalable solution for the steadily growing user base while addressing the growing issue of bot misuse
GlobalChain Structure
World Chain is built on top of the OP Stack, a framework for creating layer-2 chains based on Ethereum, and it will use zero-knowledge proof technology to encrypt transactions made by verified users. “World Chain is an OP Stack chain that will be heavily targeted for scale,” Worldcoin says. Our immediate objective is to significantly raise the L2 block gas limit.
#Worldcoin, the brainchild of# OpenAI CEO Sam Altman, is gearing up to unveil World Chain this summer! 🌍🔗
— Marcel Knobloch aka Collin Brown (@CollinBrownXRP) April 17, 2024
This innovative project is set to be safeguarded by #Ethereum as an L2 solution and designed for scalability within the Superchain ecosystem. It's going to be… pic.twitter.com/9lZ7cw4JZ8
Furthermore, Worldcoin will give verified users a free gas allowance, increasing its usability and affordability. The company wants to ensure a smooth experience for everyone by using fees from bots and power users to offset the gas bills of casual users
The New Face of Worldcoin
World Chain, the face of Worldcoin serves Ten million customers. With a 100-fold rise in user base, the company wants to reach 1 billion, and World Chain will be essential to reaching this target. by giving security and human verification top priority.
Tiago Sada emphasised the significance of World Chain’s focus on security and verification, saying, “
All of these blockchains are putting a lot of work into reducing gas fees so that the network is more accessible, but what that means is you start seeing a lot more bot activity.”
Tiago Sada
Worldcoin is making a significant advancement in tackling the issues brought about by the misuse of AI.
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