Worldcoin Unveils World Chain: Revolutionizing Ethereum with a New Layer 2 Blockchain
Worldcoin, spearheaded by Sam Altman's Tools for Humanity, has unveiled its latest innovation: an Ethereum Layer 2 blockchain named World Chain.
Improving User Experience with World Chain
Launched on April 17, 2024, World Chain aims to significantly improve user onboarding and operational efficiency by leveraging Worldcoin's distinctive human verification methods in an AI-dominated digital landscape.
How World Chain Works
World Chain, a Layer 2 solution on the Ethereum network, enhances security and efficiency for transactions. This strategic move by Worldcoin aims to support its growing user base with low transaction costs and high throughput.
A key feature is prioritizing human-verified users over bots, granting them preferential block space and some free gas to reduce fees, fostering a more genuine and secure network environment.
Utilizing the OP Stack
World Chain utilizes the OP Stack, a well-regarded blockchain framework recognized for its scalability and efficiency. This same technology powers Coinbase's Base network, allowing World Chain to implement "rollups." These rollups bundle transactions and securely process them on the Ethereum network, ensuring permanence and reducing overall costs.
Transitioning from DApp to Independent Chain
Previously, Worldcoin operated as a DApp on the Ethereum blockchain. Transitioning to its own Layer 2 chain offers developers more control and lower operational costs, according to CoinDesk.
World Chain presents significant opportunities for developers, providing tools to reach millions of users more effectively.
In summary, Worldcoin's World Chain is a pivotal development in blockchain technology, enhancing user experience through human verification, efficiency, and scalability, fostering a more secure digital environment
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