Worldcoin information

What is Worldcoin?

Worldcoin is a global digital identity and financial network, developed by Tools for Humanity and co-founded by Sam Altman. The project aims to give every person in the world a digital identity (“World ID”) that proves you are human, without compromising your privacy. This identity is linked to the Worldcoin token (WLD), which serves as both a reward and an access key within the ecosystem.
Source: Worldcoin

How does Worldcoin work?

Worldcoin uses biometric verification through the so-called Orb. This device scans a user’s iris and generates a unique encrypted code. That code is linked to a World ID, enabling people to prove they are real humans without disclosing sensitive personal information. In addition, users can earn WLD tokens as a reward for participation.

The token

Abbreviation: WLD
Category: Governance and utility token
Blockchain: Ethereum (with bridges to other networks)
Protocol: ERC-20
Year of launch: 2023

The technology behind Worldcoin

The core of Worldcoin is the World ID, a proof-of-personhood system that prevents bots or AI from pretending to be humans. Biometric data is not stored in its raw form but converted into a cryptographic hash. This allows for unique digital identities that cannot be traced back to personal details.

The Worldcoin ecosystem

The ecosystem consists of three main elements: the World ID, the World App, and the WLD token. The World App acts as a wallet for digital identity, payments, and crypto transactions. WLD tokens can be used within the ecosystem and for governance, allowing holders to vote on protocol updates and resource allocation.

Who is the founder of Worldcoin?

Worldcoin was co-founded by Sam Altman (CEO of OpenAI), together with Alex Blania and Max Novendstern. The project is developed and managed by Tools for Humanity.

Impact on the environment

Click here to read more information about the environmental impact of this coin.