Worldcoin Foundation Unveils ‘World Chain’ Blockchain Solution

The Worldcoin Foundation unveils ‘World Chain,’ a novel blockchain solution prioritizing human users over bots to enhance accessibility and utility.

This platform, deeply integrated with the Worldcoin protocol, leverages World ID’s proof of personhood on Ethereum to foster a user-centric approach. With an emphasis on scalability and efficiency for daily applications, World Chain aims to accommodate up to 1 billion individuals, powered by Optimism’s OP stack infrastructure. By addressing the prevalence of bot-driven transactions, which contribute to network congestion and high fees, World Chain offers users prioritized service and gas through anonymous identity confirmation.

Supported by the Worldcoin Foundation, this initiative seeks to optimize transaction processes, support developers through community grants, and collaborate for widespread adoption. Anticipating a developer preview soon and a full launch by summer, Worldcoin’s native token, WLD, saw a 3% rise post-announcement amidst broader market downturns. However, with a 25.9% decline against the U.S. dollar this week and a 46% decrease over the past month, WLD’s performance remains variable, notably trading at a premium on South Korean exchanges.

Clever Robot News Desk 18^th April 2024