Worldcoin, the project co-founded by Open AI CEO Sam Altman, which uses iris-scanning technology to verify a user’s “humanness,” is planning to launch an Ethereum layer-2 blockchain prioritizing verified humans over bots.
Worldcoin is the largest protocol on Optimism, an Ethereum Layer-2 scaling solution, accounting for 44% of user transactions on the network, and sometimes over 80% during peak periods. “Migrating to a dedicated network will already yield meaningful gains. After this, World Chain will be on the forefront of scaling and decentralizing the Layer 2 paradigm on Ethereum with the Superchain ecosystem.”
But with World Chain, Worldcoin seeks to solve this issue by focusing on users who verify their identity using the World ID, which will enable them to get a free gas allowance and “faster confirmation times” over bots.