Worldcoin launches its own Layer2 network World Chain! Will the token WLD skyrocket?

Worldcoin, a Web3 project supported by OpenAI CEO Sam Altman, issued a document yesterday (17th) stating that it will launch its Layer 2 network World Chain based on Ethereum. Create a blockchain network that integrates finance and identity verification, planned to launch this summer: We firmly believe that a Layer 2 network should be a place for experimentation and innovation, and we are committed to making meaningful contributions, so we decided to launch a dedicated Layer2 network World Chain.

Focus on improving the Layer2 network gas fee

World Coin officials stated that World Chain is a blockchain based on OP Stack and will first focus on scale. The short-term goal is to improve the Layer2 network. Gas fees: Our immediate goal is to significantly adjust the Gas limit for Layer 2 blocks. Since this may come with risks, we are doing it in a safe manner and supporting this testing by studying worst-case scenarios.

In addition, WorldCoin officials revealed that the further goal is to switch to op-reth and explore the data availability layer (DA).

Can it become a fuel for WLD currency price?

One thing that has long been questioned about Worldcoin is that it does not have much practical demand. In addition to achieving inclusive finance and continuing to issue coins in the future, how to maintain the value of the token has always been a big problem.

Now that it has launched its own L2 chain, we can see that the official is hoping to solve this problem. However, in the face of such fierce market competition, whether it can gain market favor remains to be further observed.

World Coin Releases Orb Privacy and Security Audit Report

On the other hand, since the birth of World Coin, although the official has repeatedly promised to protect user privacy, it needs to be scanned by the hardware device Orb Using a user's iris information to complete identity verification is still questioned by privacy advocates.

In response, WorldCoin officially released its Orb privacy and security audit report on March 14. The audit work was led by the network security company Trail of Bits. After a six-week review, it was obtained The following conclusions are drawn:

Our analysis did not find any loopholes in the Orb code, and the relevant information in Worldcoin can be directly used:

1. For the default exit and registration process, in addition to Apart from the iris code, Orb will not collect other personal information

2. For non-default exit and registration processes, Orb cannot decrypt the information stored on it

3.Orb does not Any sensitive data will be extracted from the user’s mobile phone

4. The user’s iris information can be safely processed

WLD rose 4% in the past 24 hours

World currency token WLD yesterday As soon as the World Chain news was announced, the price rose from $4.68 to nearly $5.15. However, subsequent selling pressure emerged, and it soon fell back below $5, and was trading at $4.81 at the time of writing.

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