What is Worldcoin’s World Chain Ethereum Layer-2

World Chain is an innovative blockchain designed for humans, enhancing user experiences while prioritizing real-world applications. With its upcoming launch, it promises to revolutionize how we interact with decentralized finance and everyday digital services.

Key Takeaways

1. Human-Centric Design: World Chain prioritizes verified human users, offering them enhanced transaction capabilities and gas allowances over automated bot transactions.
2. Integration with Worldcoin: Leveraging the Worldcoin protocol and its Proof of Personhood feature, World Chain aims to create a secure and scalable environment for everyday applications.
3. Community Governance: As a permissionless and open-source network, World Chain will ultimately be governed by its community, ensuring decentralization and inclusivity.

World Chain is set to launch later this summer, catering to the needs of everyday users while maintaining a commitment to scalability and security.

Blockspace for All Humans

Worldcoin has made significant strides since its launch nine months ago, with over 10 million users in 160 countries creating a World ID and a compatible wallet, conducting 75 million transactions. World Chain aims to sustain this momentum by creating a dedicated network that addresses the challenges faced by current blockchain technologies, particularly around capacity and efficiency.

As of now, Worldcoin users account for approximately 44% of OP Mainnet’s activity, indicating the demand for a dedicated platform. With World Chain, users will benefit from faster, cheaper, and more reliable transactions, allowing for a seamless experience in the decentralized ecosystem.

Priority & Gas for Humans

Many blockchain challenges stem from automated transactions, with an estimated 80% of activities being bot-driven. This often leads to network congestion and increased fees. World Chain tackles this issue through World ID, allowing users to verify their identities while maintaining anonymity through zero-knowledge proofs.

By prioritizing transactions from verified human users, World Chain aims to optimize network performance. Additionally, verified addresses will receive gas allowances to encourage participation and reduce friction for new users. The goal is to create a sustainable ecosystem where casual users can engage without facing prohibitive costs.

Real World Apps for Millions of Humans

World Chain offers developers a unique opportunity to reach a vast audience of on-chain users. With over 10 million potential users at launch, the platform will focus on decentralized financial and identity applications tailored to enhance everyday life.

By fostering a collaborative ecosystem, World Chain is positioned to support a wide range of applications, including stablecoins, payments, rewards, lending, and more. The recently announced Worldcoin Community Grants program aims to empower developers and promote innovative projects within the World Chain network.

By Humanity, For Humanity

World Chain’s success hinges on its commitment to being open-source and community-driven. With Ethereum as its backbone, the project aligns with broader blockchain initiatives while ensuring that World ID and WLD remain neutral public goods available for use across various networks.

A developer preview is expected soon, with a full launch slated for later this summer. Interested developers can apply for community grants or reach out for partnership opportunities to help shape the future of World Chain.

FAQs

What is World Chain?

World Chain is a new Ethereum Layer-2 blockchain designed for human users, prioritizing verified individuals over automated bots.

How does World Chain integrate with Worldcoin?

World Chain leverages the Worldcoin protocol and its Proof of Personhood feature to create a secure and scalable environment for decentralized applications.

Will World Chain be open to everyone?

Yes, World Chain is a permissionless and open-source network intended to be governed by its community, ensuring inclusivity and decentralization.