The recent update of Worldcoin, now known as 'World', introduces a series of significant improvements aimed at strengthening its ecosystem and addressing previous concerns. Below are the main benefits:
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🔐 World ID 3.0: More secure and private digital identity
The new version of World ID functions as a 'digital passport' that allows users to prove they are real humans without compromising their privacy. This version incorporates:
Advanced biometric verification: Uses enhanced iris scanners with artificial intelligence technology and infrared cameras for more accurate authentication, even in low-light conditions.
NFC passport compatibility: Allows verification using physical NFC-enabled passports through the World App.
Data protection: Implements anonymized multi-party computation (AMPC) technology to ensure that biometric data does not leave the user's device, thus protecting privacy.
Defense against impersonations: Includes anti-fraud measures to combat identity impersonation attempts using techniques like 'deepfakes'.
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🌐 World Chain: Blockchain optimized for humans
World Chain is a new layer 2 blockchain built on Ethereum, specifically designed for verified human users. Its features include:
Fee-free transactions: Verified users can make transactions without paying gas fees, as these are covered by the foundation.
Integration with World ID and World App: Facilitates a seamless and secure experience within the World ecosystem.
Strategic collaborations: Backed by platforms like Optimism, Alchemy, and Uniswap, strengthening its infrastructure and reach.
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📱 World App: All-in-one platform
The World App has been updated to provide a more comprehensive experience, allowing users to:
Manage digital assets: Store and use your WLD tokens securely.
Access Mini Apps: Interact with integrated applications that offer various services.
Identity verification: Use World ID to authenticate on different platforms and services.
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📈 Adjustments in WLD token distribution
To promote a more equitable and sustainable distribution of your WLD token, Worldcoin has implemented changes to its release schedule:
Extension of the unlocking period: The release of tokens for investors and team members has been extended from 3 to 5 years, until July 2028.
Positive impact on the market: This measure has been well received, reflected in a 25% increase in the token price following the announcement.
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In summary, the Worldcoin update reinforces its commitment to privacy, security, and equity, positioning itself as an innovative platform in the field of digital identity and decentralized finance.