World Chain Overview
Last week World Chain was announced which represents a blockchain initiative engineered specifically for human use. Scheduled for release in the coming summer, this platform aims to prioritise users by offering them enhanced blockspace and a gas subsidy for everyday transactions, while also facilitating developer access to a global audience.
Central to its design, World Chain will integrate with the Worldcoin protocol, enhancing its adoption through the use of World ID’s Proof of Personhood and will operate as a Layer 2 secured by Ethereum, with further scalability achieved through its integration with the Superchain ecosystem.
The platform will be permissionless and open-source, with governance transitioning to the community over time.
Worldcoin itself was launched nine months earlier, with the objective of promoting Proof of Personhood and decentralised finance, crucial in the current era dominated by AI. To date, over 10 million people across 160 countries have engaged with the platform, creating compatible wallets and conducting 75 million transactions. Furthermore, over 5 million individuals have verified their identity using Worldcoin’s Orb.
At present, users of Worldcoin currently consume about 44% of all Layer 2 gas on the OP Mainnet.
Efficiency and Expansion
To accommodate a rapidly growing user base, World Chain is designed to significantly increase transaction capacity and efficiency. It also aims to decentralise the Layer 2 framework within the Ethereum ecosystem, making significant strides in scaling and decentralisation through partnerships within the Superchain ecosystem.
Addressing Bot-Driven Congestion
World Chain plans to mitigate issues prevalent in blockchain networks, such as bot-driven congestion, by allowing users to verify their human status through World ID. This verification will be optional and anonymised, providing verified users with priority in transaction processing and a gas subsidy, aiming to create a balanced economic model that supports casual users while being underpinned by fees from more frequent and automated users.
Developer and Community Engagement
From its inception, World Chain will offer developers access to an existing user base of millions through the World App and other compatible platforms, focusing on a suite of decentralised applications centred around financial services and identity verification.
The project encourages community involvement through grants and partnerships and remains committed to maintaining its core components as neutral public goods that can be integrated across various networks.
Governance and Future Plans
Reflecting its community-centric approach, World Chain will be open-source and governed by its users, with ongoing contributions to Ethereum’s network infrastructure. A developer preview is expected soon, with a full launch projected for later this summer.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
World Chain Overview
Last week World Chain was announced which represents a blockchain initiative engineered specifically for human use. Scheduled for release in the coming summer, this platform aims to prioritise users by offering them enhanced blockspace and a gas subsidy for everyday transactions, while also facilitating developer access to a global audience.
Central to its design, World Chain will integrate with the Worldcoin protocol, enhancing its adoption through the use of World ID’s Proof of Personhood and will operate as a Layer 2 secured by Ethereum, with further scalability achieved through its integration with the Superchain ecosystem.
The platform will be permissionless and open-source, with governance transitioning to the community over time.
Worldcoin itself was launched nine months earlier, with the objective of promoting Proof of Personhood and decentralised finance, crucial in the current era dominated by AI. To date, over 10 million people across 160 countries have engaged with the platform, creating compatible wallets and conducting 75 million transactions. Furthermore, over 5 million individuals have verified their identity using Worldcoin’s Orb.
At present, users of Worldcoin currently consume about 44% of all Layer 2 gas on the OP Mainnet.
Efficiency and Expansion
To accommodate a rapidly growing user base, World Chain is designed to significantly increase transaction capacity and efficiency. It also aims to decentralise the Layer 2 framework within the Ethereum ecosystem, making significant strides in scaling and decentralisation through partnerships within the Superchain ecosystem.
Addressing Bot-Driven Congestion
World Chain plans to mitigate issues prevalent in blockchain networks, such as bot-driven congestion, by allowing users to verify their human status through World ID. This verification will be optional and anonymised, providing verified users with priority in transaction processing and a gas subsidy, aiming to create a balanced economic model that supports casual users while being underpinned by fees from more frequent and automated users.
Developer and Community Engagement
From its inception, World Chain will offer developers access to an existing user base of millions through the World App and other compatible platforms, focusing on a suite of decentralised applications centred around financial services and identity verification.
The project encourages community involvement through grants and partnerships and remains committed to maintaining its core components as neutral public goods that can be integrated across various networks.
Governance and Future Plans
Reflecting its community-centric approach, World Chain will be open-source and governed by its users, with ongoing contributions to Ethereum’s network infrastructure. A developer preview is expected soon, with a full launch projected for later this summer.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
World Chain Overview
Last week World Chain was announced which represents a blockchain initiative engineered specifically for human use. Scheduled for release in the coming summer, this platform aims to prioritise users by offering them enhanced blockspace and a gas subsidy for everyday transactions, while also facilitating developer access to a global audience.
Central to its design, World Chain will integrate with the Worldcoin protocol, enhancing its adoption through the use of World ID’s Proof of Personhood and will operate as a Layer 2 secured by Ethereum, with further scalability achieved through its integration with the Superchain ecosystem.
The platform will be permissionless and open-source, with governance transitioning to the community over time.
Worldcoin itself was launched nine months earlier, with the objective of promoting Proof of Personhood and decentralised finance, crucial in the current era dominated by AI. To date, over 10 million people across 160 countries have engaged with the platform, creating compatible wallets and conducting 75 million transactions. Furthermore, over 5 million individuals have verified their identity using Worldcoin’s Orb.
At present, users of Worldcoin currently consume about 44% of all Layer 2 gas on the OP Mainnet.
Efficiency and Expansion
To accommodate a rapidly growing user base, World Chain is designed to significantly increase transaction capacity and efficiency. It also aims to decentralise the Layer 2 framework within the Ethereum ecosystem, making significant strides in scaling and decentralisation through partnerships within the Superchain ecosystem.
Addressing Bot-Driven Congestion
World Chain plans to mitigate issues prevalent in blockchain networks, such as bot-driven congestion, by allowing users to verify their human status through World ID. This verification will be optional and anonymised, providing verified users with priority in transaction processing and a gas subsidy, aiming to create a balanced economic model that supports casual users while being underpinned by fees from more frequent and automated users.
Developer and Community Engagement
From its inception, World Chain will offer developers access to an existing user base of millions through the World App and other compatible platforms, focusing on a suite of decentralised applications centred around financial services and identity verification.
The project encourages community involvement through grants and partnerships and remains committed to maintaining its core components as neutral public goods that can be integrated across various networks.
Governance and Future Plans
Reflecting its community-centric approach, World Chain will be open-source and governed by its users, with ongoing contributions to Ethereum’s network infrastructure. A developer preview is expected soon, with a full launch projected for later this summer.
Disclaimer: This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
