- Worldcoin rebrands to World Network to encapsulate its expanded mission.
- World Chain launched on mainnet, enhancing blockchain utility for human users.
- New Orbs and World App 3.0 introduced for better efficiency and user integration.
The Evolution of World Network
What was once known as Worldcoin announced its rebranding to World Network during a pivotal event in San Francisco. This change signifies not just a new name but an evolved mission aimed at accelerating human involvement in the blockchain and AI space.
World Chain: A Blockchain for Real Humans
World Network unveiled World Chain, marking its entry into the blockchain arena with a mainnet launch designed explicitly for verified human users. This blockchain stands out by integrating with Ethereum as an L2 solution, promising scalability and a community-driven governance model. Here are some key features:
- Scalability: Designed to support billions, moving beyond its initial millions of users.
- Security through Ethereum: Leveraging Ethereum’s robust security while offering lower transaction fees.
- Human Verification: Use of World ID for sybil resistance, ensuring a human-only blockchain space.
Innovations in Verification and User Experience
The introduction of new Orbs for registration and the World ID 3.0 update represents a significant leap in how users interact with the Network.
New devices increase the efficiency and scale of identity verifications.
A redesign aimed at scaling, with improved wallet features like Vault and World Pay, enhancing both security and utility.
Looking at the Numbers
Recent statistics from the World Network project show:
- User Base: Over 15 million World ID holders have migrated or are in the process of migrating to World Chain.
- Growth Rate: A significant increase in user onboarding, showcasing a 40% growth in active Orbs usage since the announcement.
© 2024 Cryptopress. For informational purposes only, not offered as advice of any kind.
