✨ Worldcoin Reborn: Enter World Network
posted 18 Oct 2024
Worldcoin, known for its ambition to build a global system of unique digital identities for every individual, has unveiled a significant rebranding.
Its new identity, World Network, is seen by its developers as a clearer reflection of its expanded mission.
At the core of the new ecosystem is World Chain—an Ethereum-based L2 blockchain specifically designed to be a secure and reliable space for digital interactions. It not only facilitates transactions but also enables the creation of new decentralized applications (dApps) with high trust requirements.
A cornerstone of the World Network is the World ID protocol. It enables anonymous identity verification, allowing users to prove their real-world existence without compromising personal details. This breakthrough technology paves the way for decentralized finance and the development of cutting-edge digital services.
Alex Blania and Sam Altman also revealed the enhanced Orb, a device that plays a crucial role in iris scanning for user verification. Featuring cutting-edge technology like NVIDIA Jetson chipsets, the Orb ensures both high-speed and highly accurate scans, allowing the verification process to scale up and accommodate millions of users worldwide.
Check out: Worldcoin Faces Shortage of Biometric Orbs Amid Surging Demand
Important technological highlights to delve deeper into:
- World ID for anonymous identity verification;
- the advanced Orb iris scanner;
- the new NVIDIA Jetson chipset offering top-tier performance;
- and the potential to build decentralized apps (dApps).
Positioned as more than just a blockchain, the World Network represents the next step in digital identity innovation. Its ecosystem allows users to manage their data and finances, creating opportunities for a more equitable and inclusive digital future.
The next worthwhile read: Worldcoin: A Gas-Free Crypto Wallet
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