Using Optimism’s OP Stack, Worldcoin, an identity platform that uses iris scanning, intends to launch World Chain this summer.
Given that Worldcoin activity accounts for almost 43% of all transactions on Optimism, World Chain’s debut tackles capacity issues on its current platform.
With support from AI pioneer Sam Altman, the platform seeks to authenticate users and distribute a global money. Worldcoin has drawn more than five million users since its launch.
The statement states that the proof of personhood technology will be used by the new layer, World Chain, to authenticate transactions and discourage bot activity, which has the potential to overload the network.
World Chain will subsidize normal users who trade infrequently by raising gas rates for automated systems in an effort to reduce bot activity. In order to prioritize human users, the pricing model lowers their costs and expedites transaction confirmations.
Chief Growth Officer of Optimism Ryan Wyatt stated in a tweet that he agrees with Worldcoin’s approach and that emphasizing human connections would aid in growing Optimism’s user base.
Worldcoin intends to create applications with a focus on identity verification, stablecoins, and payments. But in nations like Spain and Portugal, where data collection methods have resulted in temporary limitations, Worldcoin is under governmental examination.
The linked Worldcoin token, WLD, is now trading at roughly $4.87. It will be used as the gas token on World Chain, which will highlight its usefulness.
