Worldcoin is set to introduce a new blockchain called “World Chain,” which is designed to give precedence to human users over bots, purportedly enhancing both utility and accessibility. The Worldcoin Foundation stated that this platform will be deeply integrated with the Worldcoin protocol, employing the World ID’s proof of personhood to promote a user-centric approach on the Ethereum network.
Worldcoin Foundation Announces ‘World Chain’ for Enhanced Human-Centric Apps
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Worldcoin Foundation Introduces ‘World Chain’
The Worldcoin Foundation has described the forthcoming World Chain as an innovation aimed at refining user interactions with blockchain technology by allocating priority block space and gas allowances specifically to verified human users. This human-first design is intended to enhance scalability and efficiency, especially for daily applications.
The foundation maintains that World Chain will cater to a wide audience, with preparations to support up to 1 billion individuals using an infrastructure built on Optimism’s OP stack. In a blog post, the foundation highlighted that the platform aims to address prevalent inefficiencies in blockchain systems that are exacerbated by bot-driven transactions.
It is estimated that bots account for up to 80% of all blockchain activity, which contributes to network congestion and escalated fees. World Chain’s integration with World ID purportedly allows users to confirm their identities anonymously through zero-knowledge proofs, securing prioritized service and gas without sacrificing privacy.
This mechanism is expected to optimize transaction processes and evenly distribute the load created by bots and significant users, with initial funding from the Worldcoin Foundation. The initiative also includes support for developers through the Worldcoin Community Grants and collaborative efforts spearheaded by the Worldcoin Foundation.
“We expect a developer preview of World Chain very soon, and a full launch later this summer,” the foundation added. While the majority of the cryptocurrency market experienced a downturn on Apr. 17, Worldcoin’s native token, WLD, rose 3% following the announcement of the new blockchain.
Despite this increase, worldcoin (WLD) has fallen 25.9% against the U.S. dollar this week and is 46% below its value from the past 30 days. Approximately 16.4% of WLD transactions occur with the South Korean won, and WLD is currently trading at a premium on Bithumb. While the global weighted average price is $4.80 per WLD, it fetches $5.21 per unit in South Korea.
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