World Chain, Worldcoin's Tool For Massive Crypto Adoption

The Worldcoin adventure already seems to be losing its luster. The WLD, which was trading at $11.7 in March, is now worth only $2. But all hope is not lost! While waiting for the crypto to reach its peaks again, Sam Altman and his team at Tools for Humanity are not remaining idle. With the launch of the World Chain, a powerful blockchain built on Ethereum, the future of crypto is unfolding under new auspices.

Worldcoin on the Path to Expansion

It might be time to hide Worldcoin’s misery: the fact of having massacred its investors with 84% in loss. Nonetheless, this situation brings forth a new technological gem, World Chain, which boasts impressive figures from its first months of existence.

Introducing World Chain, a new blockchain designed for humans ⚪️ pic.twitter.com/qNb7S3vqut

— Worldcoin (@worldcoin) April 17, 2024

Since its launch, this layer 2 blockchain has processed over 6 million transactions, making it one of the most promising networks in the crypto ecosystem. There are already 1,200 active accounts that have completed transactions, a blazing start for this new decentralized platform.

The 21 cryptos created via World Chain demonstrate its potential to support the growth of DeFi applications, a rapidly expanding sector. According to the team, “this infrastructure will allow unprecedented scalability.”

Indeed, the blockchain is designed to handle a high volume of transactions while reducing fees and increasing the speed of exchanges.

Development of Crypto Solutions and the Strength of Layer 2 Networks

The success of layer 2 solutions or Layer 2, like World Chain, is based on their ability to solve recurring blockchain problems: slow transactions, congestion, and exorbitant costs. Thanks to the layer 2 structure, Worldcoin bets on faster and cheaper transactions while maintaining the security and decentralization of Ethereum (ETH).

It’s a real breath of fresh air for users tired of the too-high gas fees.

• 6 million transactions already processed;
• 1,200 active accounts registered;
• 21 cryptos created in less than a year.

World Chain rides on the growing popularity of layer 2 solutions, proving that the future of blockchain involves interoperability and efficiency. Worldcoin’s ambition? To make blockchain accessible to millions of people worldwide and decentralize the digital economy on an unprecedented scale.

World ID, another revolutionary product from the Worldcoin ecosystem, was recently deployed on Solana, a blockchain renowned for its security and potential to compete with Ethereum.