Worldcoin to have its own Layer 2 blockchain called World Chain
Worldcoin will soon have its own Layer 2 blockchain called World Chain. The Layer 2, said to be out this summer, will be owned and governed by the Worldcoin project.
The new Layer 2, called World Chain, will be secured by Ethereum, the company said in a statement. Additionally, users who have been verified as human will "enjoy priority blockspace over bots and some free gas," Tools for Humanity also said.
Altman, CEO of the high-profile artificial intelligence company OpenAI, is also co-founder of Tools for Humanity. The Worldcoin project is dedicated to assigning people World IDs after they prove they are human with an iris scan. People who sign up are given cryptocurrency in the form of WLD tokens.
The vision behind the Worldcoin project revolves around the idea that the future health of the internet will require a system that parses human from non-human actors.
World Chain is meant to "increase capacity so new people can continue to join at scale, and existing users can enjoy faster, cheaper, and more reliable transactions," according to the statement. The new Layer 2 should be out this summer, said Tools for Humanity.
Worldcoin has signed up more than 5 million people, according to its website.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why is PUMP’s price up? Jupiter buying, 16% protocol burns & more…
The Complete Guide: Market Focus! What Should You Pay Attention to at Next Week's Jackson Hole Symposium?
Walsh will deliver his first keynote speech at Jackson Hole on August 28, Eastern Time, but it has not yet been decided whether he will address the macroeconomic "big picture" or provide direct guidance for the policy path from September to December. This uncertainty means that the market's sensitivity to changes in wording may increase significantly. During the meeting, about five Federal Reserve officials are expected to be interviewed by the media, and special attention should be paid to their consecutive statements. Goldman Sachs believes that Jackson Hole has historically amplified forex fluctuations, but the US dollar has not shown a consistently stable direction.
SEC charges two ex-investment bankers with $18.5 million insider trading scheme
Eric Trump agrees to limit his influence over World Liberty Financial’s new crypto bank
Crypto prices
More
