Worldcoin is a cryptocurrency and platform that uses eye-scanning technology to verify people's identities. Its aim is to increase access to basic financial services and create a global identity system.

Why?

  • Worldcoin is a digital currency just like Bitcoin.

  • But Worldcoin's unique feature is that it uses eye scanning technology for authentication.

  • Users can verify their identity by downloading the Worldcoin wallet app and scanning their eyes.

  • This process allows users to create a Worldcoin account and trade on the platform.

Why?

  • Worldcoin's founders argue that more than 1.5 billion people do not have access to identity documents, preventing them from accessing basic financial services.

  • They believe eye-scanning technology can make authentication more accessible and easy to use.

  • It is believed that Worldcoin will increase financial inclusion and stimulate the global economy by creating a global identity system.

Who?

  • Worldcoin was founded in 2020 by Alex Blaney and Sam Altman.

  • Blaney previously served as Airbnb's former CTO.

  • Altman is the co-founder of OpenAI and Y Combinator.

  • Worldcoin has received funding from investors such as Andreessen Horowitz, Coinbase Ventures and Multicoin Capital.

When?

  • The Worldcoin platform was launched in 2021.

  • It is still in development and is currently only available to a limited number of users through pilot programs.

  • Worldcoin is planned to launch globally in 2023.

How?

  • Worldcoin uses a special eye scanning technology for authentication.

  • This technology uses an array of cameras to create a scanning model of users' eyes.

  • This pattern is used to identify the user and prevent fraudulent identities.

  • Worldcoin offers a number of security features designed to protect users' privacy.

What You Need to Know About Worldcoin:

  • Worldcoin is still in development and there are some technical and ethical concerns.

  • The use of eye scanning technology may raise privacy concerns for some individuals.

  • Worldcoin's plans to create a global identity system have also been criticized by some people.

  • It is important to do your research and evaluate the risks before investing in Worldcoin or using the platform.