The move to Layer 2 is part of Worldcoin's strategy to maintain high throughput and low transaction costs while managing a growing number of users.
WorldCoin, led by Sam Altman's Tools for Humanity, announced The launch of our own Ethereum layer 2 blockchain called World Chain.
This new development aims to leverage Worldcoin's unique approach to authenticating human users in a digital world increasingly dominated by AI, increasing efficiency and enhancing the onboarding process for new users.
Introduction to World Chain
World Chain is designed to run on the Ethereum network, providing a secure and efficient layer for transactions. This move to a Layer 2 solution is part of Worldcoin's broader strategy to manage a growing number of users while maintaining low transaction costs and high throughput.
A key feature of World Chain is that it prioritizes human-authenticated users over bots.
Verified individuals enjoy access to priority block space and some free gas, reducing transaction fees typically associated with Ethereum. This user-centric approach reportedly aims to encourage human interaction and limit the influence of bots to ensure a more reliable and secure network.
World Chain is built using OP Stack, a popular blockchain construction framework known for its scalability and efficiency. Coinbase also uses this technology in its Base network, allowing World Chain to implement “rollups.” These rollups bundle transactions and process them securely on Ethereum, ensuring durability and reducing costs.
Migration from DApp to independent chain
Previously, Worldcoin operated solely as a decentralized application (DApp) consisting of smart contracts on the Ethereum blockchain.
According to a report from coin deskHaving your own Layer 2 chain gives developers more control over operations and potentially reduces costs for users.
The launch of World Chain brings great benefits to developers, giving them the tools to reach millions of users. Its focus on real-world practicality makes it appealing to developers interested in building applications that require validated human interaction.
Worldcoin Unique ID Verification
Worldcoin stands out for its innovative use of an “orb,” a device designed to scan a user’s eyeballs to ensure each account is uniquely associated with an authenticated human.
As AI technology becomes more sophisticated and widespread, this method of “proving your identity” will reportedly become more important. Orb ensures that each user is individual and authentic. This is essential for network integrity and security.
Tools for Humanity has actively promoted WorldCoin through in-person orb scanning at various global events and pop-up shops. Worldcoin onboarded 10 million users It trades in over 167 countries, making it a significant crypto player.
