- World Chain, a Layer 2 blockchain exclusive to Worldcoin, is scheduled to launch soon.
- According to plans, the Layer 2 will launch this summer and be owned and managed by the Worldcoin initiative.
Worldcoin, Sam Altman’s proof-of-humanity project, will shortly start using its own Layer 2 blockchain, which will increase efficiency as it onboards new users.
A statement said that Ethereum will protect the new Layer 2, dubbed World Chain. Users who have had their identities confirmed will also “enjoy priority block space over bots and some free gas,” according to the statement.
The Worldcoin Foundation is formally introducing the new Layer 2, even if Tools for Humanity has been the main developer and promoter of Worldcoin.
Tool creator Altman is also the CEO of the well-known artificial intelligence startup OpenAI. The goal of the Worldcoin project is to provide individuals with World IDs once they can use an iris scan to verify their identity as humans. WLD tokens, a cryptocurrency, are awarded to new members.
The Worldcoin project is based on the notion that a system that distinguishes between human and non-human actors will be necessary for the internet’s continued health.
“Increase capacity so new people can continue to join at scale, and existing users can enjoy faster, cheaper, and more reliable transactions,” reads a statement describing the goal of World Chain. It also stated that the new Layer 2 should be released this summer.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
