In a significant move, the cryptocurrency project Worldcoin has announced the launch of its Layer-2 network, dubbed “World Chain.” This new development aims to enhance the scalability and efficiency of the Worldcoin ecosystem.
World Chain, built on top of the Ethereum blockchain, is designed to handle a higher volume of transactions at a faster pace than the main Worldcoin network. By leveraging Layer-2 technology, Worldcoin hopes to address the common challenges of blockchain networks, such as network congestion and high transaction fees.
The launch of World Chain is a crucial step in our mission to make Worldcoin a truly scalable and user-friendly cryptocurrency,” said Worldcoin’s founder, Sam Altman. This Layer-2 solution will allow us to process more transactions per second while maintaining the security and decentralization of the Ethereum network.
World Chain will also enable new features and functionalities within the Worldcoin ecosystem, including advanced smart contract capabilities and improved cross-chain interoperability. This, in turn, is expected to attract more developers and users to the Worldcoin platform.
The transition to World Chain comes as Worldcoin also unveils a rebranding effort, introducing a new visual identity and a refreshed “World” name. This rebranding aims to align the project’s branding with its ambitious goal of becoming a global, user-friendly cryptocurrency.
“The rebrand and the launch of World Chain are part of our ongoing efforts to make Worldcoin more accessible and appealing to a wider audience,” Altman said. “We believe these changes will help us take the project to the next level and drive mainstream adoption of cryptocurrency.”
As Worldcoin continues to evolve and expand its capabilities, the launch of World Chain and the accompanying rebranding are sure to generate significant interest and attention within the crypto community.
