World Chain has finally launched and vows to prioritize human users over bots.
World, formerly known as Worldcoin, has launched its much-anticipated World Chain. The blockchain is deployed as an Ethereum layer-2, meaning it will inherit Ethereum’s robust transactional security while allowing its users to conduct rapid transactions, which the second-largest blockchain cannot facilitate. Of course, it being a layer-2 in this day and age would allow developers to build highly scalable applications supported by World Chain’s rapid application execution capabilities.
However, the chain’s unique proposition involves being human-centric and weeding out bots. World Chain’s users will include everyone who has verified themselves through iris scans using the firm’s Orb device. Verified users with World IDs will have their transactions prioritized on World Chain’s blockspace. Furthermore, World Chain will cover their transaction fees.
World Chain’s introduction complements the already launched Worldcoin token (WLD), giving it more utility for on-chain purposes. The intertwining of this blockchain and the token will also assist the company with onboarding more users into its ecosystem.
World Will Bring a List of Well-Known dApps
As an Ethereum layer-2, the blockchain will also offer the best of that world, including top dApps like Uniswap, Dune, Alchemy, and more. “On Day One, World Chain is being supported by world class blockchain service providers and applications including Optimism, Alchemy, Uniswap, Safe, Dune and Etherscan,” World’s announcement read. “World Chain natively integrates World ID and gives all verified humans access to prioritized blockspace.”
Users can capitalize on DeFi strategies and other use cases without bots being a part of the picture. As more bots enter the ecosystem, controlled by traders for purposes like automated trading and maximum extractable value (MEV), numerous blockchains are getting congested. Real users pay higher fees and witness slower transaction confirmation times.
World Chain was first announced in April, taking six months to be released for public use. The Worldcoin rebranding to World occurred alongside the World Chain launch, with World also unveiling a new version of its Orb device. The firm also mentioned the device could be used for identity verification, with apps like WhatsApp, Zoom, and FaceTime. This new version of the Orb is supposedly five times faster, has fewer parts, and leaves a smaller footprint.
World, the firm behind the Orb, Worldcoin, and World Chain, was founded by OpenAI CEO Sam Altman, current World CEO Alex Blania, and biometrics firm Mana’s CEO Max Novendstern. It stands to serve as the solution for identity-related issues brought about by AI’s rapid development. The firm also has loftier goals, like introducing universal basic income (UBI) for its users via the WLD token.
