- Worldcoin launched Worldchain, a new Layer-2 network on Ethereum, aims to improve scalability and reduce transaction costs while maintaining security.
- Worldchain has already processed over 6 million transactions and supports various dApps and tokens, demonstrating its growing adoption.
- As an Optimism superchain, Worldchain benefits from the network’s advanced technology and security, further enhancing its capabilities.
Worldcoin has officially launched Worldchain, an Ethereum Layer-2 network designed to enhance scalability and lower transaction costs on the Ethereum blockchain. Built on the foundation of Ethereum’s security, Worldchain aims to provide faster and cheaper transactions while maintaining decentralization.
As per onchain stats, currently, there are 1,200 accounts on World Chain (who have sent at least 1 EOA transaction), more than 6 million txs have been generated, and 21 tokens have been created. World Chain is also an Optimism superchain.
The network operates by processing transactions off the ETH mainnet, using advanced roll-up technology to bundle transactions and settle them in batches. This approach reduces congestion and costs for users engaging with decentralized applications (dApps) and smart contracts on Ethereum.
In its initial phase, Worldchain is expected to support a wide array of decentralized finance (DeFi) services, non-fungible tokens (NFTs), and Web3 applications. Developers are encouraged to migrate their projects to this new Layer-2 solution, which promises to scale the Ethereum ecosystem without compromising on security.
Superchain Integration: Worldcoin’s Secret to Scalability
The launch of Worldchain marks a significant milestone for Worldcoin, further positioning it as a leader in blockchain technology and scalability solutions.
World Chain, a new blockchain designed for humans, will be open for everyone and verified humans will get priority blockspace over bots as well as a gas allowance for casual transactions. Developers will be able to reach millions of these real users around the world, with apps focused on utility for everyday life.
The network will be deeply integrated with the Worldcoin protocol to accelerate growth and leverage World ID’s Proof of Personhood. It will also be secured by Ethereum as an L2 and engineered for scalability with the Superchain ecosystem.
Importantly, it will be permissionless, open source, and intended to ultimately be independently governed by the community, Worldcoin stated in its blog post.
