The launch of World Chain by Worldcoin marks a key milestone in the evolution of blockchains, decisively addressing the issues of congestion and excessive fees that have limited mass adoption. This new layer 2 streamlines the digital economy, prioritizing interactions between real humans and not bots, representing a major step towards a fairer, more agile and accessible ecosystem. With improvements in scalability and efficiency, World Chain not only transforms the user experience, but also strengthens the security and privacy of transactions, redefining the standards in the digital age.
RELEVANT POINTS:
World Chain Launched: Worldcoin's New Layer 2 Blockchain
In an effort to improve the user experience, Worldcoin has launched World Chain, its Ethereum-based layer 2 blockchain. This development aims to eliminate congestion issues caused by bots, allowing for smoother and more efficient use for its users.
World ID: Privacy and security in user verification
One of World Chain’s key innovations is the integration of World ID, a system that uses zero-knowledge proofs to anonymously verify human identity. This approach ensures that users’ identities remain protected, while transactions between real people are prioritized. The implementation of this technology reinforces Worldcoin’s commitment to privacy and security in the digital environment.
World Chain Design and Objectives
World Chain is designed within Optimism’s Superchain concept, focusing on scalability and optimizing the capacity for new users to join easily. One of World Chain’s main goals is to address the problem of AI-powered bots, which can clog networks and generate unnecessarily high fees. These bots often perform automated transactions, which while some have valid uses, others such as airdrop farming can overload the network and increase fees.
Innovation with World ID: Privacy and Anonymous Verification in the Blockchain Era
Worldcoin has taken identity verification to a new level by integrating its revolutionary World ID system into World Chain, allowing users to prove their humanity completely anonymously across various applications and now on its own blockchain. Through advanced zero-knowledge proofs, identities are ensured to remain fully protected and unlinked, while users gain a verified status similar to the prestigious blue social media checkmark. With this innovation, Worldcoin redefines privacy and security standards in the blockchain ecosystem.
Prioritization and Flexibility in Transactions
World Chain ensures that transactions made by verified humans are prioritized, resulting in faster confirmation times. While any user can submit transactions to World Chain, those created by verified humans will be prioritized.
As for transaction fees, ETH will remain the ecosystem’s native token, but users will also have the option to pay using WLD, Worldcoin’s utility token. This adds an additional layer of flexibility for users of the platform.
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ADDITIONAL DATA:
The implementation of the world chain network to BINANCE is estimated to take place in a few days, please wait for new news.
"Worldcoin drop impacts community, World Chain network upgrade."
AUTOR: Astronaut_P2P