📍 Binance's move to list #Worldcoin $WLD has caused a lot of speculation about the current market making teams "gradually setting up" for a super giant picture of the AI ​​array during the Bull-run period. after Halving 2024. Worldcoin mission during Bull-run season? So is this reasonable?

Trend AI & Worldcoin?

➡️ The trend of accelerating the development of the AI ​​field is also reflected in the fact that Elon Musk changed Twitter's name to X. Recently, Musk founded an AI company called X.ai and has repeatedly talked about turning Twitter into X. this social network into a "super app similar to China's WeChat. He said in October last year that the acquisition of Twitter was an important turning point in the development of X, the full-featured application.

➡️ Compared with existing AI projects in the Crypto market, Worldcoin's products are somewhat practical, investors as well as the community are easy to grasp information as well as understand the potential when investing in projects in 1 next -2 years.

➡️ Worldcoin is currently the first project to develop products for user identification through “retina scanning” of the user and then verifying the identity on the Blockchain.

➡️ Worldcoin was founded by Sam Altman and Alex Blania. Sam Altman, is the CEO of OpenAI, the company has been successful with ChatGPT in the early part of this year.

➡️ Currently, there are nearly 2 million people registered to provide biometric data, mainly in the Southern Hemisphere, and Worldcoin has supported 25 countries, including France, Indonesia, Sudan, Chile...

➡️ Worldcoin's goal this year is to place 1,500 Orb eyeballs around the world. This project is made with the aim of building a universal cryptocurrency network and collecting biometric data from anywhere thanks to AI technology.

📍 Worldcoin has a mission during Bull-run season?

➡️ Based on how the project allocates the $WLD token. When 75% of the token is for the community and most of it is used to reward users when conducting identification. In addition, tokenomics has a "ponzi" part in the distribution of the above rewards when there is a difference between miners ( Operators ) and users ( Users ).

➡️ It's still the rule "the first to make money from the later" . The amount of worldcoin received by users and miners will “decreasing over time” due to the “Vesting Schedule” . Early registrants will receive more incentives and benefits than later registrants.

➡️ Those who have experienced the #GameFi season will understand well how successful this ponzi model has been in attracting newcomers to the market.

➡️ The $WLD vesting schedule is also showing the project development team's calculation in the last 6 months of 2024 when the circulating supply is around 2 billion $WLD tokens (~20% of the total supply).

➡️ This is the ideal rate to blow up the price of tokens, similar to what uni did with the #DeFi DeFi trend when there was a "huge" growth and "Lead-Trend" during the Bull-run wave in the T11/2020 period . This pulls the market into a full-blown 2021 Uptrend.

📍 Risks at the moment?

➡️ Recently, CryptoQuant CEO denounced Worldcoin as a "scam" when publicly criticizing the project.

➡️ Ki Young Ju's accusations come in response to Worldcoin's ambitious "world ID" vision, which aims to provide a unique digital passport to verify users are real people and not bots. WHO.

➡️ Ethereum founder #Vitalik Butterin pointed out the security risks of the Proof-of-Personhood mechanism that Worldcoin is applying.

➡️ Transferring rights to third parties in exchange for money or renting someone else's ID, can create 3D clones or lose control due to hacking or government forcing to provide IDs.

However, Vitalik has also proposed a solution for each problem so that the project can be researched and perfected in the future.

#AI $BTC

#crypto2023 #bitcoin

Vitalik Buterin, co-founder of Ethereum, is recognized as one of the most influential figures in the world of cryptocurrencies. His ideas often resonate significantly within the blockchain and cryptocurrency space. Recently, Buterin shared his valuable thoughts on the Plasma technology, invented in 2017, which aims to enhance the scalability of the Ethereum network. In this blog post, we will explore Buterin's perspectives on the current and potential role of Plasma and its significance for the Ethereum ecosystem.The Significance of Plasma Technology:Plasma is a Layer 2 scaling solution that reduces congestion on the Ethereum network, enabling faster transaction processing. By keeping data and computations off the main chain, Plasma enhances the efficiency and capacity of the Ethereum network. This approach requires only essential information like deposits, withdrawals, and Merkle roots to be stored on the main chain.Buterin's Reassessment of Plasma:Buterin emphasizes the need for Plasma technology to be reassessed, particularly by teams working on Zero-Knowledge (ZK) protocols and Ethereum Virtual Machines (EVMs). ZK protocols allow the verification of transaction data without revealing the identity of the parties involved. Buterin believes that integrating these technologies with Plasma could further enhance the scalability and security of the Ethereum network.The Relationship Between Rollups and Plasma:While acknowledging the growing popularity and efficiency of rollups in the Ethereum network, Buterin still sees significant advantages in Plasma. He particularly points out its potential in reducing transaction fees and enhancing security. Additionally, according to Buterin, Plasma could offer a substantial security upgrade for a specific type of chain known as validium.Vitalik Buterin's views on Plasma technology highlight the ongoing evolution and innovation within the Ethereum ecosystem. His call for reassessing this technology could be pivotal for the future scalability and security of the Ethereum network. How Plasma, in conjunction with rollups, could enhance the efficiency of the Ethereum network remains an exciting topic in the cryptocurrency world.#ETH $ETH #Vitalik

During a recent appearance at ETHTaipei 2024, Ethereum's co-founder Vitalik Buterin emphasized the significance of the coming five years for Ethereum. He offered insights into the potential developments in the Ethereum ecosystem and its impact on the real world.
Unexpected Trends in Cryptocurrency
Reflecting on the unpredictable journey of the crypto world, Buterin expressed his surprise at the explosive popularity of NFTs (Non-Fungible Tokens) and meme coins. These trends, which have taken the crypto community by storm, were not anticipated five years ago.
Advancements in Zero-Knowledge Technology
A notable highlight of Buterin's discussion was his enthusiasm for the advancements in ZK technology, or zero-knowledge proofs. This technology enables users to prove ownership of assets without additional operations, representing a significant leap forward in ensuring privacy and security within the blockchain.
Maintaining Ethereum's Core Values
As Ethereum undergoes rapid changes, including merges and code modifications, Buterin shared his concerns about the platform maintaining its foundational principles. With increasing interest from large corporations in the crypto space, the challenge lies in preserving Ethereum's decentralized ethos. Buterin advocates for community consensus on common rules and inclusive participation in shaping Ethereum's future.
Inclusivity for Non-English Speakers
Buterin is particularly supportive of increasing engagement among non-English speaking members of the Ethereum community. He believes that their active participation in raising awareness, joining discussions, and voting is crucial for the platform's global outreach and diversity.
Vision for Longevity
Buterin's aspiration for longevity, both personally and for Ethereum, underscores his deep appreciation for life and innovation. He sees Ethereum's enduring relevance and adaptability as paramount to its success and influence in the tech industry.
Conclusion
Vitalik Buterin's vision for Ethereum over the next five years is marked by technological advancements, community-driven governance, and inclusivity. His commitment to keeping Ethereum as a platform "of the people" reflects a broader ambition to ensure that it remains a pivotal force in real-world applications and societal change. As Ethereum ventures into this critical phase, the community watches eagerly to witness its evolution and the realization of Buterin's forward-looking goals.
$ETH
#Ethereum #ETH #Vitalik

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