Worldcoin (WLD) Introduces Ethereum Layer-2 Blockchain
Worldcoin (WLD), led by Sam Altman, unveils its own Ethereum (ETH) layer-2 blockchain, known as World Chain.
The blockchain prioritizes block space for the project’s 5 million verified World ID holders over bots and offers gas allowance for “casual transactions.”
World Chain is tailored for scalability within Optimism’s Superchain framework and aims to enhance capacity for new users to join.
Leveraging its ID system, World Chain aims to combat the issue of AI-powered bots spamming blockchains, causing network congestion and high fees.
READ MORE: Tether to Launch Non-Custodial Tokenization Platform
The project introduces World ID, enabling users to anonymously verify their humanity on apps and verify their addresses on World Chain. Transactions submitted by verified humans will be prioritized for faster confirmation times.
While ETH serves as the native token, users can also pay fees using WLD, Worldcoin’s utility token.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
