World Chain, a new blockchain initiative by Worldcoin, was announced on April 17, 2024. It aims to prioritize human users by implementing a proof of personhood system, providing them with a gas allowance for casual transactions and priority block space. Integrated with Worldcoin's protocol and leveraging World ID's proof of personhood, this Layer 2 (L2) solution on Ethereum aims to create a scalable, decentralized ecosystem for financial and identity applications. Expected to launch in the summer of 2024, World Chain seeks to increase transaction capacity and reliability while lowering costs, targeting the acceleration of decentralized finance adoption and proof of personhood as a counter to the rise of artificial intelligence in digital spaces.
World Chain stands out by prioritizing human users, verified through the World ID system, over bots. This approach ensures that real individuals receive the benefits of the blockchain, such as priority block space and gas allowances for transactions. This initiative is deeply integrated within the Superchain ecosystem and is designed to be permissionless and open-source, with governance eventually transitioning to the community.
To reproduce the benefits offered by World Chain, users would need to engage with Worldcoin's protocol and obtain a World ID to verify their personhood. Once verified, users can participate in the ecosystem, getting access to decentralized financial and identity applications and enjoying prioritized transactions and gas allowances.
Worldcoin was developed by a team of technologists and entrepreneurs, reaching over 10 million people across 160 countries within nine months of its launch. This rapid adoption underscores the demand for innovative solutions in decentralized finance and identity verification.
