- Introducing The Humanity Protocol, a groundbreaking project poised to disrupt Worldcoin's blockchain iris-based ID verification system through palm scanning technology.
- Built on Polygon for enhanced scalability and security, The Humanity Protocol boasts cost-effectiveness and resilience against Sybil attacks.
- The implementation of palm scans by The Humanity Protocol presents a non-intrusive alternative to Worldcoin's iris scanning method.
- Despite its innovation, Worldcoin continues to grapple with criticism and regulatory bans due to privacy issues and perceived security risks.
- In summary, both The Humanity Protocol and Worldcoin represent significant advancements in the burgeoning field of ID verification.

Worldcoin made headlines upon its launch, introducing a new era in blockchain-based identity verification. However, the journey has been far from smooth for WLD due to its somewhat intrusive methods of identity validation.
In response to the challenges faced by Worldcoin, the Human Institute and Animoca Brands have joined forces to create the "Humanity Protocol." This collaborative project seeks to disrupt WLD's dominance in the realm of identity verification.
Palms Versus Eyes: A Shift in Approach
The Humanity Protocol introduces a novel approach by utilizing palm recognition instead of the controversial iris scanning employed by Worldcoin. This shift aims to provide a more user-friendly and privacy-conscious alternative.
The project distinguishes itself from Worldcoin through its choice of technology and methodology. While Worldcoin operates on its own blockchain, the Humanity Protocol leverages Polygon, a popular Ethereum Layer 2 solution known for its affordability and security features.
A Non-invasive Solution on Polygon
The Humanity Protocol employs a "Proof of Humanity" consensus mechanism, ensuring identity validation without compromising personal information. Users simply need to scan their palms with a smartphone camera, receiving a cryptographic key linked to their identity. This stands in stark contrast to Worldcoin's iris scanning, which raises concerns about privacy and potential exposure of sensitive data.
Currently in the testnet phase, the Humanity Protocol plans to invite users to join its network soon.
Worldcoin's Challenges and Criticisms
Worldcoin has faced considerable challenges, with critics questioning the protocol's security and anonymity claims. Even figures like Vitalik Buterin and legal professionals like John Deaton have expressed skepticism, citing concerns about backdoors in the iris-scanning hardware and regulatory uncertainties.
Regulatory challenges have led to Worldcoin being banned in countries like Kenya and Germany, with the project suspended in India due to overcrowding and chaos at iris-scanning sites.
The Future of Digital Identity
The competition between Worldcoin and The Humanity Protocol signals a healthy rivalry, fostering innovation in the digital identity space. Both projects aim to deliver financial inclusion, voting rights, and social welfare, albeit through different approaches.
As the digital identity landscape evolves, users will play a pivotal role in deciding the merits of each project and determining their preferred identity verification solution. The ongoing developments in this niche are poised to significantly impact the quality of identity verification and shape the future of human society.
Disclaimer: Voice of Crypto strives for accuracy in information dissemination but disclaims responsibility for any missing facts or inaccuracies. Given the volatile nature of cryptocurrencies, users are encouraged to conduct thorough research and make informed financial decisions.

#Worldcoin #Wld #cryptocurrency #Crypto2024
$WLD

The total crypto market cap continues to oscillate between $1.38 trillion and $1.42 trillion.
Today, however, the market has improved slightly and is up by 1.36% to $1.38 trillion.
Naturally, this translates into greens, and this is what the market looks like at the moment:

Interestingly enough, the total amount of liquidations has declined drastically. Most likely because fewer people trade during the weekends.

This figure sits at around $64.59 million, with the bulls ($34 million) somehow losing more than the bears ($30 million) despite the market’s greens.  

Bitcoin Continues Consolidating, Despite 1% Gains
Over the last day, Bitcoin has rallied by as much as 1%. However, the cryptocurrency still remains stuck in its consolidation between $32,800 and $38,000.

The lower trendline of the ascending trendline illustrated above is also reinforced by Bitcoin's 25-day moving average.
This means that Bitcoin absolutely has to stay above this trendline to avoid a drastic drop to $32,800 or lower.  

Ethereum Hangs On A Ledge: Bounce Or Breakdown?
Just like Bitcoin, Ethereum is also hanging on a ledge above its 25-day moving average.

As pictured above, Ethereum is currently testing support around both the aforementioned moving average, and the $1,930 zone.
This presents a sticky situation of sorts. Because if Ethereum breaks below both the $1,930 support and its 25-day moving average, we are bound to see a price decline that brings Ethereum straight down to $1,750 or its 99-day moving average.  

Worldcoin Pumps On Altman’s Exit
A few days ago, news hit the internet that the CEO of OpenAI, Sam Altman was being removed from his position as head of the company. Altman is also the CEO of another company called Tools For Humanity, which is also the issuer of Worldcoin.
Apparently, the news of Altman’s removal has affected Worldcoin to some extent, making it the 4th hottest cryptocurrency on Binance, as well as the 2nd largest gainer, with a 26.77% gain over the last day.

Worldcoin has been trading inside an ascending channel since mid-September this year and has ascended into a retest of this formation's upper trendline. Overall, the $2.5 - $2.53 zone is an important zone to watch out for, in case of a possible breakout.  

Higher Lows On Solana
Solana, after an initial rejection from the $65 zone, appears to be making higher Lows.

The bulls were able to keep Solana from falling below $51.6 yesterday. Because of this, Solana has formed a new higher low of around $54.27. This means that we can expect a new high above $68.2 over the next few days as Solana forms a new higher high. $75, here we come!  

Render (RNDR): Watch Out For The Weekly Candle
Below, we have Render’s weekly candlestick.

As pictured above, Render spent the week breaking above $3.1. With the weekly candle close expected sometime today, Render will finally have a chance to cement its position atop $3.1 and convert this zone into support.
We can expect a lot more bullishness from Render if the weekly candlestick closes above this new support, and a possible rally to $4.2 at least, if all goes well.  
#BTC #ETH #Wld #SOL #RNDR
$WLD $RNDR $BTC