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.