World

Worldcoin

Optimism

Foundation

The Worldcoin Foundation has announced the release of the developer preview for World Chain, its forthcoming Layer 2 network, marking a major advancement in the blockchain space.
This launch marks a pivotal moment for the organization behind the iris-scanning crypto project Worldcoin (WLD), as it prepares to scale its operations and enhance the digital identity system it aims to establish globally.
Developers now have limited access to explore, build, and test the new platform through the opening of the World Chain developer preview. Developers can set up their deployments during this critical preview phase to prepare for the anticipated mainnet launch later this summer.
This will let Worldcoin move its more than <a href="https://www.cryptotimes.io/2024/04/12/worldcoin-sees-explosive-growth-reaches-10m-users/" target="_blank" rel="noopener noreferrer nofollow">10 million World App users</a> from OP Mainnet to World Chain. World Chain embodies the fundamental ideas of decentralized technology by being permissionless, open-source, and community-governed.&nbsp;
Partners like Alchemy, Safe, and Elliptic help World Chain by offering infrastructure and development tools. The Worldcoin Foundation stated that more node providers, analytics firms, wallet infrastructure suppliers, block explorers, and bridges will be revealed soon.
First launched in April, the World Chain is secured by Ethereum and is a component of the Superchain network of Layer 2s constructed with the OP Stack. The Worldcoin Foundation is formally introducing this Layer 2 network. It is principally created and supported by Tools for Humanity, which Sam Altman, the CEO of OpenAI, co-founded.
Ryan Wyatt, Optimism Unlimited’s Chief Growth Officer, said this project joins the Superchain and advances the OP Stack while contributing to the Optimism Collective. The World Chain developer preview allows Worldcoin developers to use the OP Stack for ambitious applications, enhancing the Superchain’s influence.
Worldcoin transactions now dominate over 50% of OP Mainnet activity since its July 2023 launch, marking a significant presence in Layer 2 networks.
Scalability challenges drive Worldcoin Foundation to migrate to World Chain, aiming to double processing capacity compared to OP Mainnet. Plans include utilizing Reth from Paradigm for enhanced performance.
Worldcoin aims to create a system distinguishing between human and non-human actors, assigning World IDs verified by iris scans. The Worldcoin project aims to provide individuals with World IDs once they can use an iris scan to verify their identity as humans. WLD tokens, a cryptocurrency, are awarded to new members.
The mainnet launch of World Chain is highly anticipated since it is anticipated to yield significant advantages for the blockchain community. This developer preview is essential to shape decentralized apps and establish new benchmarks for scalability, performance, and digital identity verification for a more secure digital future.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/07/02/worldcoin-onboards-ex-apple-google-meta-tesla-and-x-exec/" target="_blank" rel="noopener noreferrer nofollow">WorldCoin Onboards EX Apple, Google, Meta, Tesla and X Exec.</a>
</blockquote>

Worldcoin Introduces World Chain Developer Preview for Mainnet

The Crypto Times

Other articles published on Jul 9, 2024

Players Profit in Mines of Dalarnia

Messi’s $WATER Endorsement Sparks Crypto Surge

Ethereum Targets $3,320: Bulls Eye Recovery with Base Formation

Whales Snap Up 6.2M LINK Amidst Price Dip - What's Next for Chainlink?

Hut 8 Secures West Texas Site with 205 MW Power Capacity

BONK leads meme coin rally with 25% surge amid token burn and whale activity

Join our free newsletter for daily crypto updates!