Worldcoin, recently rebranded as World, is a cryptocurrency platform co-founded by OpenAI CEO Sam Altman. On Thursday, it launched its own Layer 2 Ethereum network called World Chain, designed specifically for people.

Main Goal of World Chain

The goal of this new network is to bring millions of verified human users into the blockchain space. At the same time, it aims to support the development of tools and applications that enable digital identity and provide greater financial freedom for individuals, as stated by the team to Decrypt.

Focusing on Human Users Over Bots

Many blockchains are dominated by bots, which often outnumber real users. However, World Chain focuses on ensuring that blockchain technology primarily serves people. According to World Chain advisor Liam Horne, the aim is to expand the use cases of blockchain for real human beings.

World Chain as Part of Optimism's Superchain

World Chain is integrated into Optimism's Superchain, a network of interoperable Layer 2s that share security and infrastructure. This interoperability allows World Chain to work with a variety of other chains, such as Base and Blast, attracting users from across the cryptocurrency ecosystem. Additionally, it is faster and cheaper than Ethereum's mainnet, with gas fee subsidies available for verified human users.

Supporting Developers and Decentralized Applications

World Chain leverages the OP Stack, an open-source development framework from Optimism, enabling a wide range of developers to create decentralized applications with real-world use cases. This, in turn, aims to attract more users to the blockchain. Ryan Wyatt, Growth Director at Optimism, explained that teams of top engineers from projects like Worldcoin, Base, and Uniswap are working together to push the development of OP Stack, benefiting World Chain and the entire industry.

Integration of World ID and Financial Services for All

Founded in 2019, Worldcoin drew attention with its Orb device, which scans users' irises and links them to a virtual key on the blockchain. The new World Chain will natively integrate World ID, giving verified users access to priority blockspace. In addition to stablecoin markets, it will offer services in over 150 countries globally.

Helping People Outside Traditional Financial Systems

World Chain is primarily aimed at those with limited access to traditional financial services. Horne stated that stablecoins and the ability to send money across borders will help people protect themselves from inflation and economic instability in their countries. These individuals are the ones who need cryptocurrency the most, and they will benefit from Worldcoin and its services.

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