Interesting facts about Worldcoin, Cryptocurrency that scans your eyeballs

The three-year-old digital ID platform Worldcoin made its public debut on Monday.

Sam Altman, the CEO of OpenAI, co-founded Worldcoin, which seeks to give its customers a verified digital identity, a cryptocurrency token called Worldcoin (WLD), and a cryptocurrency wallet app.

Worldcoin - It is a platform for digital identification that intends to offer everyone on the planet a simple way to confirm that they are real humans and not a robot or an AI program.

The Worldcoin platform generates unique, secure identification numbers for each user by scanning their iris.

The company believes that because the codes are stored on a decentralized blockchain, it is impossible to copy or spoof them to construct fraudulent identities or commit fraud.

Key facts about Worldcoin (WLD)

The heart of the platform is World ID,

The Program was launched after three years

Issues users with unique identification numbers by scanning their iris

The Iris is scanned by a device called the Orb

Creates a unique identification code called an IrisCode after scanning.

Each World ID is added to the Worldcoin blockchain

World app functions as a crypto wallet

Signed up to 2 million users in the beta testing stage

WLD was issued to users who took part in the beta program

Worldcoin consists of a privacy-preserving digital identity (World ID)

A total of 10 billion WLDs will be issued over 15 years.

Currently, 143 million WLDs are circulating as of the official launch.

Of this amount, 43 million were allocated to verified World App users, and 100 million were sent to market makers to facilitate trading.

Plans to roll out scanning operations in dozens of cities in 20 countries worldwide

Worldcoin is available in more than 25 other cities around the world

Criticism

The project has already drawn a fair amount of criticism for its ambitious objectives and questionable procedures.

Worldcoin has been accused of using deceptive marketing practices to collect personal data with meaningful informed consent.

Additionally, Worldcoin has been under fire for aggressively pushing the network in underdeveloped nations.

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