World Chain — a new blockchain system set to scale the Ethereum ecosystem for a billion users. This innovation, spearheaded by the Worldcoin team and Sam Altman of OpenAI, is aimed at integrating every individual into the digital economy.
Developers are expected to be able to test World Chain very soon, with the full launch scheduled for later this year. Until now, Worldcoin transactions have accounted for a large part of the load on the Optimism network, but it’s now time for a “network of its own” and more extensive work.
World Chain will prioritize transactions from real people verified through the World ID system to combat bots clogging up the network and driving up fees. “Verified” users will receive a small amount of “gas” for free for regular operations and priority over bots, reducing initial difficulties for new users.
Ethereum will remain the network’s base currency, but users will also be able to pay fees with the WLD token. Every two weeks, verified users will receive WLD grants that they can immediately use in applications.
World Chain will focus on “applications for everyday life,” integrating with the Worldcoin protocol and the World ID identity system. It will be open and community-governed, and also secured by Ethereum as a Layer-2 solution.
The project does not aim to cover all blockchain uses but will focus on decentralized financial and identity applications that benefit everyday life.
