Solana

World

Worldcoin

Foundation

World ID

The Worldcoin Foundation has awarded a grant to Wormhole, the cross-chain interoperability protocol, to implement the World ID system on the Solana blockchain.&nbsp;
According to the announcement, the verification functions for world ID will be enabled on the Solana blockchain without compromising security or performance by using Wormhole’s Ethereum to Solana State Bridge Service. This is expected to make the process easy and secure for different blockchains.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 👁️ <a href="https://twitter.com/worldcoin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Worldcoin</a> World ID is coming to <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Solana</a>. Powered by <a href="https://twitter.com/wormhole?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Wormhole</a>. 🧵 <a href="https://t.co/LFqg1y5JrJ" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/LFqg1y5JrJ</a>— Wormhole (@wormhole) <a href="https://twitter.com/wormhole/status/1806343150769930320?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 27, 2024</a>
 </blockquote>
 </div>
</figure>
The main goal of the integration is to improve user identification across blockchains by leveraging Worldcoin’s distributed identity solutions.
A crucial aspect of this is the introduction of a new smart contract named SolanaWorldIDProgram that will be used to validate and store World ID state roots. By doing so, applications based on Solana can easily authenticate the identities of users, thereby potentially creating new opportunities for developers in the ecosystem of Solana.
In response to regulatory concerns, Worldcoin has also introduced improved privacy measures as a response to issues regarding the regulation. These consist of Personal Custody and Unverify World ID features, which are intended to give users more control over their data without compromising the network’s integrity.
Moreover, Worldcoin has partnered with Alchemy in order to accelerate the development of its World Chain project. This means that Alchemy’s technical know-how and developer tools will be used to boost the expansion of the World Chain Project.
 Meanwhile, Worldcoin (WLD) and Solana (SOL) both experienced market movements following the announcement. <a href="https://coinmarketcap.com/currencies/worldcoin-org/" target="_blank" rel="noopener noreferrer nofollow">WLD is currently trading at $2.83</a>, a 2% increase from its previous price of $2.69, while <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="noopener noreferrer nofollow">SOL</a> went up significantly, trading at $149.8, representing a 9.11% increase.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 Also Read: <a href="https://www.cryptotimes.io/2024/06/28/megalabs-secures-20m-to-develop-real-time-megaeth-blockchain/" rel="noopener noreferrer nofollow">MegaLabs Secures $20M to Develop Real-Time MegaETH Blockchain</a>
</blockquote>

Wormhole Secures Grant from Worldcoin to Integrate World ID on Solana Blockchain

The Crypto Times

Otros artículos publicados el 27 jun 2024

Top Crypto Of The Year: MoonBag Presale Updated Roadmap and 15,000% ROI Potential Beats Toncoin A...

Integrating crypto solutions in traditional business models is a must | Opinion

CryptoQuant CEO Ki Young Ju on Recent Bitcoin Price Drop

Inside the Life of Jeremy Gardner, Crypto Castle Founder and Bitcoin Evangelist

How To Unlock Massive Financial Gains With Crypto Presales Like ETFSwap (ETFS)

Unraveling the Mystery of Litecoin High Activity and Falling Prices

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!