Worldcoin to Launch Its Own L2 Blockchain, World Chain

Sam Altman’s Worldcoin project has announced the launch of its second-layer blockchain, World Chain, based on Optimism’s OP Stack.

Learn more ⬇️https://t.co/4cQBLrexBq

— Worldcoin (@worldcoin) April 17, 2024

“The network will be deeply integrated with the Worldcoin protocol to accelerate the growth and use of the World ID proof of identity. It will also be secured by Ethereum as an L2 and designed for scalability with the Superchain ecosystem,” the description states.

The team clarified that the solution will be open source and eventually transition to community governance.

Over 10 million people in 160 countries have already created a World ID and a compatible wallet, which they have used for 75 million transactions. This has created a need for an efficient blockchain solution to maintain growth rates, the developers noted.

According to them, Worldcoin users currently account for approximately 44% of the total activity on the OP Mainnet, with peak levels reaching 80%.

“World Chain is primarily designed to significantly increase throughput, allowing new people to continue joining on a large scale, while existing users can enjoy faster, cheaper, and more reliable transactions,” the team stated.

All users will be able to send transactions on the public network, but those who have verified their World ID will have priority. They will also receive “a bit of free gas” to lower entry barriers for using the blockchain. The native token will remain ETH, but fees can also be paid using WLD.

The World Chain network is expected to launch in the summer.

In April, the project added the ability for users to revoke World ID verification to enhance personal data protection.