Worldcoin, a project co-founded by Sam Altman, the CEO of Open AI, is set to launch a new Ethereum layer-2 blockchain that prioritizes verified humans over bots. This initiative involves utilizing iris-scanning technology to confirm a user’s authenticity.

With over 10 million users, Worldcoin has seen half of them verify their human identities through the project’s Orb system. The introduction of World Chain, a human-centric blockchain built on Optimism’s Superchain, aims to address the dominance of automated transactions on major blockchains.

As the largest protocol on Optimism, Worldcoin accounts for a significant portion of user transactions on the network. By migrating to a dedicated network, World Chain anticipates improvements in scalability and decentralization within the Layer 2 ecosystem.

The Worldcoin Foundation plans to grant free gas allowances and faster transaction confirmations to users who verify their identities using World ID. This strategic move aims to alleviate network congestion and high gas fees caused by bot activities.

While Ether (ETH) will be the primary token for World Chain, verified users can utilize Worldcoin (WLD) tokens to cover fees when claiming token grants. Despite regulatory challenges in various countries, Worldcoin remains committed to its mission, boasting a substantial user base across multiple nations.

The launch of World Chain is scheduled for the upcoming summer, with a developer preview expected soon. Despite regulatory hurdles and privacy concerns, Worldcoin’s innovative approach to blockchain technology continues to attract a global user base.