Worldcoin (WLD), the blockchain developed by billionaire Sam Altman, unveils ‘World Chain’, a new Ethereum Layer-2 blockchain.
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Worldcoin (WLD), the blockchain developed by billionaire Sam Altman, unveils ‘World Chain’, a new Ethereum Layer-2 blockchain.

Worldcoin, the eye-scanning crypto project led by Sam Altman, is set to launch its own Ethereum layer-2 blockchain called World Chain. This new blockchain aims to prioritize blockspace for Worldcoin’s 5 million verified World ID holders and provide gas allowance for “casual transactions.” World Chain will be built for scalability within Optimism’s Superchain concept and will initially focus on increasing capacity for new users to join.

One of the primary goals of World Chain is to address the issue of AI-powered bots that spam blockchains, leading to network congestion and high fees. By utilizing the World ID system, World Chain aims to verify the identity of users and combat unproductive bots. Users will have the option to verify their addresses on World Chain using zero-knowledge proofs, ensuring anonymity while receiving a verification similar to a blue checkmark.

While anyone can submit transactions to World Chain, those created by verified humans will be given priority for faster confirmation times. The native token for the ecosystem will be ETH, but users will also have the option to pay fees using Worldcoin’s utility token, WLD.

It is important to note that the opinions expressed in this article are not investment advice, and individuals should conduct their own research before engaging in high-risk investments in Bitcoin, cryptocurrency, or digital assets. All transfers and trades are done at the individual’s own risk, and any losses incurred are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets and is not an investment advisor.

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