What is Worldcoin (WLD): Comprehensive Guide for Users and Enthusiasts
Worldcoin is a novel cryptocurrency designed with the vision to provide universal access to the global economy. Launched in 2021 by Tools for Humanity, Worldcoin aims to simplify access to financial services, leveraging unique identity verification through biometrics.
Worldcoin was conceptualized in 2020 and launched in 2021 with a mission to enable a frictionless global economy. It proposes a revolutionary approach by verifying users uniquely through biometric data, establishing a new standard for equitable wealth distribution.
TECHNOLOGY
Worldcoin operates using an Optimized Consensus Protocol, focusing on scalability and efficiency. It incorporates biometric identity verification to ensure each person can claim their fair share of the coin, preventing fraud and duplicity.
USE CASES
Worldcoin is intended to be used as both a currency and a tool to redistribute wealth globally. Its primary use cases include: Distributing a universal basic income to all verified users; Facilitating international transactions with low fees; Providing a decentralized solution for digital identity verification.
FORECAST
Experts view Worldcoin as a groundbreaking project in the cryptocurrency space. Its focus on biometric verification and universal accessibility poses a unique opportunity but comes with challenges such as privacy concerns and technological adoption.
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