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What is WLD?

Worldcoin (WLD) is a cryptocurrency and identity system designed to create a global digital ID that respects privacy. It distributes tokens to give everyone access and a voice in how the system is run.

  1. Global Proof-of-Personhood – Uses special iris-scanning devices called Orbs to confirm each person is unique, preventing fake or duplicate accounts.
  2. Decentralized Governance – WLD tokens let holders vote on decisions and fund development, aiming for a fair “one-person-one-vote” system through World ID.
  3. Ethereum-Based Utility – WLD is an ERC-20 token on Ethereum and Optimism networks, used for transactions, voting, and working with decentralized apps.

Deep Dive

1. Purpose & Identity Infrastructure

Worldcoin’s main goal is to build a global identity system (World ID) that uses biometric verification—specifically iris scans—to tell humans apart from bots. After scanning their iris with an Orb device, users get a World ID. The biometric data is deleted right after verification to protect privacy. This system, called Proof-of-Personhood, aims to give fair access to financial services, governance, and AI-powered programs like universal basic income (UBI).

2. Technology & Architecture

Worldcoin uses advanced privacy tools called zero-knowledge proofs (ZKPs) to keep user data safe, while relying on Ethereum’s secure blockchain for token management. It has its own Layer-2 blockchain called World Chain that handles transactions and connects with apps like World App, a wallet users control themselves. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) allows WLD tokens to move securely between different blockchains. Plus, World Chain supports USDC, a stablecoin pegged to the US dollar, for easier transactions.

3. Tokenomics & Governance

There are 10 billion WLD tokens total, divided as follows:

  • 25% for user grants to encourage participation
  • 10% for growing the ecosystem
  • 45% for the team and investors

WLD tokens are used for:

  • Governance: Voting on upgrades and how funds are spent
  • Gas Fees: Paying for transactions on World Chain
  • Grants: Rewards given to verified users to keep the network active

After launch, the community can vote to allow up to 1.5% yearly inflation to support ongoing development.

Conclusion

Worldcoin combines biometric ID verification with blockchain technology to build a decentralized system focused on global inclusion and fair governance. Its future depends on how well it can protect privacy while growing its user base. Will Worldcoin’s idea of “one human, one share” hold up under regulatory pressure and become widely adopted in a world increasingly shaped by AI?


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