Worldcoin, spearheaded by Sam Altman’s Tools for Humanity, has launched its own Ethereum Layer 2 blockchain called World Chain with the goal of enhancing user experience. This new development is intended to increase efficiencies and improve the process of onboarding new users, taking advantage of Worldcoin’s unique approach to verifying human users in an AI-dominated digital world.
World Chain is designed to operate on top of the Ethereum network, providing a secure and efficient layer for transactions. By implementing a Layer 2 solution, Worldcoin aims to handle the growing number of users while keeping transaction costs low and throughput high. Notably, World Chain prioritizes human-verified users over bots, granting them priority block space and access to some free gas, thereby reducing typical Ethereum transaction fees. This user-centric approach aims to incentivize human interaction, limit bot influence, and create a more authentic and secure network.
World Chain is built using the OP Stack, a reputable blockchain-building framework known for its scalability and efficiency. This technology, also used by Coinbase for its Base network, enables World Chain to implement “rollups” that securely bundle and process transactions on Ethereum, ensuring permanence and reducing costs.
Previously, Worldcoin functioned solely as a decentralized application (DApp) on the Ethereum blockchain. However, transitioning to its own Layer 2 chain provides developers with greater control over their operations and the potential to lower costs for their users. The launch of World Chain opens up opportunities for developers to reach millions of users and emphasizes real-world utility, attracting those interested in building applications that require verified human interaction.
What sets Worldcoin apart is its innovative use of the “orb,” a device that scans users’ eyeballs to ensure each account is uniquely tied to a verified human. As AI technologies become more sophisticated and prevalent, this “proof of personhood” method plays a crucial role in maintaining the network’s integrity and security. Tools for Humanity has actively promoted Worldcoin through in-person orb scans at global events and pop-up shops, resulting in over 10 million users across more than 167 countries, solidifying Worldcoin’s position as a significant player in the cryptocurrency space.