Worldcoin (WLD), launched by billionaire Sam Altman, unveils ‘World Chain’ – an Ethereum Layer-2 blockchain
Sam Altman, the founder of Worldcoin, has announced the launch of World Chain, a new Ethereum layer-2 blockchain. This blockchain aims to prioritize blockspace for Worldcoin’s 5 million verified World ID holders and provide gas allowance for casual transactions. World Chain will also be scalable within Optimism’s Superchain framework and will focus on increasing capacity for new users to join. One of the main goals of World Chain is to address the issue of bots that spam blockchains, causing congestion and high fees. By using the World ID system, users can anonymously verify their addresses on World Chain, giving them priority for faster confirmation times. The native token for the ecosystem will be ETH, but users can also pay fees using Worldcoin’s utility token, WLD. It is important for investors to conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets.