Worldcoin, a startup founded by OpenAI CEO Sam Altman, is developing a "human-centric" approach to the Web3 space with a new blockchain network called World Chain.
On April 17, #Worldcoin launched World #Chain , a new #blockchain initiative designed to prioritize human users, increase efficiency and promote the real-world utility of Web3 applications.
World Chain recently surpassed 10 million World IDs created and 75 million transactions completed. Its own dedicated network is designed to scale alongside the wider #BTC network as a second layer to meet the project's needs.
Cointelegraph spoke to Tiago Sada, Worldcoin's head of operations, to learn about the project's intentions for the network and how it plans to put people at the center of its operations.
According to Sada, World Chain will technically work just like any other L2 or Ethereum, but the nuance is that it favors humans over bots, as the blockchain often faces overload due to bot activity.
What usually happens is that every account is fighting for a place on the blockchain. Typically, because bots can move faster and outsmart humans, "the network will be saturated with all the bot transactions, and humans will only get what's left.
Worldchain's solution aims to solve this problem by giving preference to transactions from authorized Worldchain ID holders:
"It will be an open, authorized network like any other blockchain, but we will prioritize human transactions.
Sada also explained that authorized users will get free gasoline, minimizing friction for newcomers. The protocol aims to achieve an equilibrium where bots and power users will cover the cost of gasoline for casual users.
He explained how the Worldcoin Foundation will offer "allowances" to authorized people by making a few of their monthly transactions free.
The idea is to make it easier for people to get started so they don't have to go through the agony of mastering and understanding it all.
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