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Binance, one of the world's leading cryptocurrency exchanges, has announced the listing of Worldcoin's WLD token, opening up new spot trading pairs, WLD/BTC, and WLD/USDT. The WLD recharge channel is now available, and withdrawals are expected to begin on July 25, 2023.

Worldcoin, co-created by Sam Altman, has garnered attention for its unique approach to identity verification through iris-scanning orbs. The project has faced criticism from privacy advocates but aims to help people prove their identity online more securely.

The #WLD token launch is a significant milestone for Worldcoin, with over two million individuals verified, primarily in the Global South, set to receive their tokens. Today's launch comes after multiple delays and follows the completion of Worldcoin's migration to the OP Mainnet, a Layer 2 scaling solution.

The team behind Worldcoin promises to accelerate sign-ups by deploying orbs in more than 35 cities across 20 countries globally. People verified by an orb will receive 25 WLD tokens initially, with periodic grants going forward. Notably, Worldcoin has stated that its tokens will not be available in the United States due to regulatory concerns.

With a total supply of 10 billion WLD tokens, the project aims to address the need for privacy-first, decentralized, and inclusive proof of personhood solutions in the age of rapid AI development.

Worldcoin envisions a broad range of use cases for its protocol and verified credentials, including uncollateralized lending programs, universal basic income models, and applications in the metaverse.

As the crypto community eagerly awaits the WLD token's trading, Worldcoin continues to make strides in its mission to revolutionize identity verification and digital interactions globally. Stay tuned for further developments and exciting opportunities in the DeFi space. #Binance #MultiChain

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The concept of "trustless" in the crypto space refers to the ability of a system or protocol to enable transactions and interactions between unrelated parties without the need for mutual trust or central intermediaries. This concept is one of the fundamental principles of blockchain technology and significantly contributes to eliminating intermediaries in transactions.

Traditionally, to conduct trustworthy transactions or interactions, people have relied on third-party intermediaries such as banks, notaries, or trusted agencies. These intermediaries have been responsible for verifying and confirming the authenticity and integrity of transactions and contracts, adding additional costs and delays to the process.

Through the use of blockchain technology, the "trustless" concept is achieved through key features:

● Smart contracts: Smart contracts are self-executing programs on the blockchain that automatically execute when certain pre-defined conditions are met. They eliminate the need for a third-party intermediary as they ensure that contractual clauses are adhered to and transactions are only performed if the conditions are met.

● Distributed consensus: Blockchain utilizes a mechanism of distributed consensus, such as Proof of Work (PoW) or Proof of Stake (PoS), to validate and record transactions in a decentralized and secure manner. This means that multiple nodes in the network (participants) must agree on the validity of the transaction, eliminating the need for trust in a central entity.

● Cryptography and transparency: Transactions on the #blockchain are encrypted and transparently recorded on a public ledger, allowing all participants to verify and track transactions without revealing identities or sensitive information. As a result, all participants can trust the integrity and authenticity of transactions without relying on a trusted third party.

By implementing these features, the "trustless" concept allows participants to interact directly and conduct transactions without the need for mutual trust or involvement of central intermediaries. This leads to cost reduction, faster processes, and increased security in transactions and interactions in the #crypto space.

Ethereum's scalability issue is no stranger to anyone in the #crypto space. Various layer 2 solutions, such as #Arbitrum and #Optimism , have sprung up, promising to address these issues. However, a new kid on the block, zkSync, is stirring the pot with its unique approach.

Before we delve deeper into the nitty-gritty of zkSync, here's a quick snapshot of what we'll be covering:

Summary

zkSync: Ethereum's Layer-2 Scaling Solution 📱

The Role of zkEVM in zkSync Era ⚙️

Unique Features of zkSync Era 🧠

Bridging the Gap: zkSync Era and Ethereum Network 🌉

#zkSync : Ethereum's Layer-2 Scaling Solution 📱

zkSync is an Ethereum layer-2 scaling solution that leverages zero-knowledge rollup technology. In simpler terms, it bundles multiple transactions together, creating a "rollup," which is verified on the Ethereum mainnet, resulting in faster and cheaper transactions. All the while, your funds are as secure as they would be on the Ethereum network.

The team behind zkSync, Matter Labs, launched the first version of this project, zkSync 1.0, in June 2020. A later iteration, zkSync 2.0, came into existence in late 2022, intending to support smart contracts.

The Role of zkEVM in zkSync Era ⚙️

zkEVM is essentially a virtual machine compatible with Ethereum's EVM (Ethereum Virtual Machine) and can perform zero-knowledge proof calculations. This technology addresses a significant bottleneck in the Ethereum ecosystem – the inability of ZK-based smart contracts to work with Ethereum's existing framework.

Now, developers can write ZK-compatible smart contracts using popular Ethereum programming languages like Solidity, significantly reducing friction and fostering the growth of ZK tech.

Unique Features of zkSync Era 🧠

What sets zkSync apart from other scaling solutions? Here's a quick look at some of its distinct features:

Native Account Abstraction: With zkSync, externally owned accounts like MetaMask users can upgrade to smart contract accounts. This offers numerous benefits, including no seed phrases, batching operations, and automated payments. 🎁

Privacy and Speed with ZK-rollup: zkSync utilizes ZK-rollup technology, combining a natively privacy-preserving network with speedy transaction processing. 🚀

Ethereum-level Security: As a layer-2 solution, zkSync uses Ethereum as its security layer, safeguarding against potential network attacks. 🛡️

EVM Compatibility: Thanks to the zkEVM, zkSync smart contracts are compatible with Ethereum's EVM, allowing for an easy development process. 🛠️

Bridging the Gap: zkSync Era and #Ethereum Network 🌉

In conclusion, zkSync aims to bridge the gap between ZK-based ecosystems and the Ethereum L1 network. This compatibility simplifies the development process while maintaining high performance and security. It's a solution that brings the best of both worlds together, making Ethereum scaling more accessible, efficient, and secure.

Wrapping Up

zkSync is a promising solution that leverages unique tech to offer Ethereum users and developers a more secure, cost-effective, and efficient environment. Whether or not it will stand the test of time and outcompete other layer-2 solutions remains to be seen.

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$ETH $OP $ARB

The Web3 ecosystem has opened up a world of possibilities for innovators and creators to build decentralized applications, smart contracts, and unique digital experiences. If you're intrigued by the idea of creating your own Web3 project and want to turn your vision into reality, here's a step-by-step guide to help you get started.

Step 1: Define Your Idea and Purpose

Begin by identifying a clear idea or problem that your Web3 project aims to address. Whether it's a decentralized app, a new #cryptocurrency or a blockchain-based solution, understanding the purpose of your project is essential. Define your project's goals, target audience, and the value it will bring to users.

Step 2: Research and Plan

Research is the foundation of any successful project. Study the existing Web3 landscape, explore similar projects, and identify gaps or areas for improvement. Develop a comprehensive plan that outlines the project's features, functionalities, technical requirements, and the technology stack you'll be using.

Step 3: Choose the Right Blockchain

Selecting the appropriate blockchain network is crucial. Consider factors like scalability, security, and community support. #Ethereum Binance Smart Chain, Solana, and Polkadot are popular choices, each with its own strengths and trade-offs.

Step 4: Smart Contract Development

If your project involves smart contracts, start by designing and developing them. Smart contracts are self-executing code that run on the blockchain and automate predefined actions. Platforms like Solidity (for Ethereum) and Rust (for Polkadot) are common languages for smart contract development.

Step 5: Build the Frontend

Create the user interface for your project. This could be a website, a mobile app, or even a virtual reality environment. Use web development frameworks and tools like React, Vue.js, or Angular to build a seamless and user-friendly frontend.

Step 6: Integrate Backend and Smart Contracts

Connect the frontend with the backend and smart contracts. APIs and middleware play a crucial role in fetching data from the #blockchain and updating it in real-time on your application.

Step 7: Testing and Security Audits

Thoroughly test your project to identify and resolve bugs, vulnerabilities, and performance issues. Consider conducting security audits to ensure that your project is safe from potential attacks.

Step 8: Deploy to the Blockchain

Deploy your smart contracts and frontend to the selected blockchain. This step involves interacting with blockchain tools, deploying contracts, and ensuring that everything functions as intended.

Step 9: Community Engagement

Once your project is live, engage with your community. Encourage users to provide feedback, report issues, and suggest improvements. Building a strong community around your project is essential for its growth and sustainability.

Step 10: Marketing and Promotion

Promote your Web3 project through various channels, including social media, forums, crypto communities, and partnerships. Effective marketing strategies can help you reach a wider audience and attract users.

Step 11: Continuous Development and Improvement

Web3 projects are never truly complete. Continuously gather user feedback and iterate on your project to enhance its features, user experience, and performance. Embrace innovation and stay updated with the latest trends in the Web3 space.

Building your own #Web3 project requires a combination of technical skills, creativity, and determination. By following these steps and remaining adaptable to changes, you can bring your vision to life and contribute to the exciting and evolving world of Web3 technology.

Let's start with a big number - 8,000,000,000. That's how many people we have on Earth. 🌍

Now think about this - there are only 21,000,000 #BTC that will ever exist.

Of those, around 4,000,000 are likely gone for good, lost in forgotten wallets and hard drives.

The creator of Bitcoin, known only as #SatoshiNakamoto , is believed to own 1,000,000 of them.

Another 1,500,000 are still out there, waiting to be mined over the next 117 years. 🕰️

What Does This Mean?

So, let's break it down.

We've got 14,500,000 Bitcoins and 8,000,000,000 people. If we adjust for size, that's like 14.5 Bitcoin for every 8,000 people. 📊 Imagine a stadium filled with 8000 people, all scrambling to get a share of just 14.5 liters of water.

That's the kind of scarcity we're talking about here.

The Scarcity & Future of Bitcoin

Bitcoin isn't just any old thing, though. It's a type of security, a way of storing wealth that's perfect in its design. Think of it as a modern Noah's Ark, but for money - a safe haven that's open to everyone. 🚢

As the value of regular, or "fiat" money, wanes in the future, the worth of 1 Bitcoin is likely to skyrocket beyond our wildest dreams. It might become so valuable that it's hard to understand just how much it's really worth.

Even a tiny fraction of a #bitcoin – let's say 1/10th - could be worth more than we can imagine.🤔

Fast forward to the year 2044. The reward for mining a block of Bitcoins will have dropped below 10% of a Bitcoin for the first time. It's hard to comprehend how much value this tiny slice of the Bitcoin pie will represent for our society and our future generations. 👨‍👩‍👧‍👦

Conclusion

The mathematics and brilliance behind Bitcoin should leave us in awe. As time goes on, more and more people are beginning to understand and appreciate this.

As we consider the scarcity and potential future value of Bitcoin, it's a testament to human innovation and a glimpse into a future where digital currency could reign supreme. 🚀

If you found this article helpful, interesting, or just plain entertaining, show us some love! Hit that "like" button, drop a comment, and don't forget to share it with your friends who need to know about "argument"! 👍📝📤

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🔰What is Layer 0 in the context of cryptocurrencies?

Answer 1: Layer 0 refers to the physical infrastructure and underlying protocols of the blockchain network, such as hardware and communication protocol.

🔰What does Layer 1 represent in blockchain technology?

Answer 2: Layer 1 represents the base level of a blockchain network and includes the fundamental protocols and rules for the network's operation.

🔰What does Layer 3 represent in a blockchain network?

Answer 4: Layer 3 refers to the application and service layer built on top of Layer 1 and Layer 2 infrastructure. It is where transactions and user interactions take place.

🔰What is the main difference between Layer 1 and Layer 2?

Answer 5: Layer 1 refers to the base level of the blockchain network, while Layer 2 is a scaling solution built on top of Layer 1 infrastructure to increase the network's capacity and efficiency.

🔰How does Layer 2 help in scaling the blockchain network?

Answer 6: Layer 2 uses techniques like state channels and sidechains to conduct transactions without directly congesting the main network, enabling greater scalability.

🔰What is the difference between Layer 2 and Layer 3?

Answer 7: Layer 2 refers to scaling solutions built on Layer 1 infrastructure, while Layer 3 refers to the application and service layer built on top of Layer 1 and Layer 2 infrastructure.

🔰What is the advantage of using Layer 2 solutions in a blockchain network?

Answer 8: Layer 2 solutions can reduce transaction costs and processing times, ensuring a faster and more efficient experience for users.

🔰What types of applications and services can be built on Layer 3?

Answer 9: Layer 3 can host various blockchain applications, such as digital wallets, cryptocurrency exchanges, blockchain games, and DeFi applications.

🔰How do all three layers (Layer 1, Layer 2, and Layer 3) contribute to the development of the blockchain ecosystem?

Answer 10: These three layers work together to create a robust, scalable, and interconnected blockchain ecosystem, offering a diverse range of applications and services for users.

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