Introducing ‘World Chain’: Billionaire Sam Altman’s Worldcoin Unveils Innovative Ethereum Layer-2 Blockchain

15 views 2:19 pm 0 Comments May 17, 2024

Sam Altman’s blockchain project Worldcoin (WLD) is introducing its own Ethereum (ETH) layer-2 blockchain, World Chain, prioritizing blockspace for its 5 million verified World ID holders over automated bots and providing gas allocation for everyday transactions. This new blockchain is tailored for scalability within Optimism’s Superchain framework, with a focus on expanding capacity for new users.

Through its ID system, World Chain aims to combat the issue of AI-driven bots flooding blockchains with traffic, causing network congestion and inflated fees. By leveraging World ID, users can verify their addresses on World Chain anonymously using zero-knowledge proofs, ensuring privacy while establishing credibility.

While World Chain welcomes transactions from all users, those originating from verified individuals will receive preferential treatment for quicker confirmation times. The ecosystem will operate primarily using ETH as the native token, with the option to utilize WLD, Worldcoin’s utility token, for fee payments.

Remember to stay informed by subscribing to receive email alerts, monitoring price action, and following The Daily Hodl on social media platforms. Don’t miss out on the latest updates!

Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors are urged to conduct thorough research before engaging in high-risk ventures involving Bitcoin, cryptocurrencies, or digital assets. All transfers and trades are executed at the individual’s own risk, with any resulting losses to be borne by the investor. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor does it provide investment advisory services. Please be aware that The Daily Hodl engages in affiliate marketing.

Generated Image: Midjourney