In recent days, the popularity of Worldcoin has continued to increase. This encryption project initiated by the founder of OpenAI has once again entered the center of market attention.
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"Airdrop" for billions of people around the world
"What if a new cryptocurrency could be distributed for free to everyone on the planet?"
Currently, less than 3% of the world's population participates in cryptocurrency networks. Worldcoin hopes that there will be mass adoption of a cryptocurrency, which will greatly increase the involvement of the Internet economy and promote the popularity of encryption. In order to allow as many people as possible to quickly use this new currency, Worldcoin hopes to distribute cryptocurrency for free to every real human being in the world.
Their research found that 4.4 billion people around the world still lack legal identities, and these people cannot pass digital identity verification, which makes it difficult for them to access financial services. Therefore, Worldcoin hopes to provide a more accessible digital identity for human beings all over the world. From the perspective of product landing, Worldcoin has three main products.
World ID: A digital identity that allows users to anonymously identify themselves as unique, real human beings. The product employs zero-knowledge proofs (ZKP) to protect users' privacy.
Worldcoin Token: A token that is freely distributed to humans worldwide and can be used for future governance.
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Avoid Sybil Attacks with Iris Authentication
The upper limit of Worldcoin is 10 billion, of which 8 billion will be distributed globally, while 2 billion Worldcoins will be reserved for the Worldcoin Foundation and investors. Specific to application practice, Worldcoin also adopted a rather rare method.
Worldcoin fully employs hard-to-forge and immutable biometrics, authenticating through iris scans and creating unique digital identities.
The project provides users with a digital identity called World ID. This technology is implemented based on ZK technology, which allows users to prove their human identity while ensuring anonymity, so as to prevent the occurrence of multiple accounts for one person. For developers, World ID can also be easily integrated into their own applications using APIs to verify the identity of users.
Specifically, Worldcoin uses a spherical machine called the "Orb" to scan the iris and use it to identify people.
Worldcoin believes that the existing conventional biometric authentication—fingerprint, face, etc.—are difficult to accurately accommodate the information of billions of people. For example, the data abundance of FaceID can only accommodate a few million people. Therefore, its team developed the current set of iris recognition equipment in-house. Orb has been in development for three years now, and has undergone small-scale testing for about a year.
The latest generation of the Orb is now manufactured in Germany, and the device has helped Worldcoin verify registrations of more than 1 million people.
However, the collection of biological information involves sensitive personal data, which has also caused WorldCoin to receive a lot of criticism and criticism due to privacy issues.
Worldcoin says it has taken this into account from the very beginning of its system design. The collected biological information will not leave the Ord device, it will be encrypted and stored in the device, and the data will not be shared with any third party. Worldcoin uses the popular ZK technology to verify the user's iris identity. So while it uses iris for recognition, the Orb doesn't store the original iris photo. This can also eliminate some concerns about privacy to a certain extent.
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How is it going now?
Although Worldcoin is not the latest project, the recent news brought this project back to the center of market attention.
On May 8th, Worldcoin announced the launch of the ecological wallet "World App". Users can receive and send cryptocurrencies through this wallet. Currently, the wallet has integrated Uniswap, MoonPay and Safe, and supports USDC.
On May 10, Worldcoin released the "Introducing World App" commemorative NFT on the Zora platform to celebrate the release of the World App. Users can mint for free.
On May 11th, Worldcoin announced that it would be migrating from Polygon to the Optimism mainnet.
On May 11, an NFT named "Optimistic World" was launched to commemorate the cooperation with Optimistic and Worldcoin. Casting time is limited to one week.
On May 14th, market news showed that Worldcoin was conducting in-depth negotiations on raising $100 million.
However, it should be noted that up to now, Worldcoin has not launched any protocol products on the chain. According to market sources, its protocol is in the Beta testing stage, or it will start to be deployed in the next few weeks.
Currently, Worldcoin is recruiting operators globally.The operator will receive the Orb device by mail, and help Worldcoin to complete the user's biometric authentication through offline channels, so as to enrich the number of Worldcoin users.
As the Worldcoin project progresses, potential airdrops are attracting airdrop hunters.
To successfully register Worldcoin requires two steps:
Find the operator with the device and use an unauthenticated eyeball to scan the iris. After scanning, the iris information will generate a public key for you, and then the iris image will be deleted. Since then, ZK technology has also been used for verification, so there is no need to worry about the leakage of iris images.
Claim Worldcoin. The user generates the wallet address locally in the APP. The APP verifies the public and private keys through zero-knowledge proof. And send the proof to the orderer, the orderer verifies it and deposits the tokens into the wallet address. Send the deposit result to record that the user has received the reward, so as to avoid double claiming.
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(After verification by Odaily, the widely circulated picture is a news picture released by Worldcoin two years ago, and it is not a real photo taken by a KYC merchant.)
Official information shows that there have been more than 6.3 million developer authentications, 1.7 million biometric authentications, and 42,500 phone authentications.
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A Cryptocurrency of Utopia
When we mention Worldcoin, we cannot look at this project alone. Worldcoin's vision is ambitious, but compared to Sam's personal vision, this is only a slice of his utopian landscape.
Worldcoin was founded by former Y Combinator President Sam Altman. In the AI era, he is more widely known as the founder of OpenAI. In addition, Sam also owns two nuclear technology development companies with nuclear fusion as the vision - Helion and Oklo.
What can we discover when we piece together Sam's business landscape? He is building a utopia that belongs to the future.
As early as 2015, Sam established the non-profit research laboratory Y Combinator Research in YC, and YC Research under his leadership researched a crazy social topic-the basic income plan.
UBI is not a novel topic, and it has received a lot of attention in some developed regions and academia as early as a few years ago. Previously, there were several projects in the encryption industry that focused on the concept of UBI.
The policy aims to provide everyone with a certain amount of money, whose "basic income" should cover a person's basic living needs, including food, housing, and healthcare. And this income should be unconditional, fixed monthly, without specific restrictions or requirements.
Proponents of UBI argue that the policy can address a range of social problems, such as poverty, unemployment, and social inequality, while also reducing the complexity and high administrative costs of the welfare system. They argue that by providing everyone with a basic income, they can create a more just and equal society.
The development of technology will make it easier for people to live a high-quality life, Sam believes, "Now a standard American family needs 70,000 dollars to live a high-quality life, and in ten or twenty years (revolutionary technology appears), That figure would be an order of magnitude cheaper. Excluding housing costs, a family can enjoy a truly good life for as little as $3,500 to $14,000."
With the development of AI, the work of creating wealth can be completely handed over to AI. Their research argues that in just 10 years, the wealth created by artificial intelligence will be so unimaginably large that it will be enough to pay every adult $13,500 a year.
At that time, labor costs will continue to decline and eventually approach zero. Human labor is replaced by AI, and once the other two companies under Sam also complete their mission - nuclear fusion becomes a reality - electricity will be almost free, which will reduce all costs in society, electricity, water, food will be almost free .
When revolutionary technologies appear, people's living costs will be greatly reduced.Worldcoin, will become an extremely important currency in this utopia in the future - he will be used to distribute UBI income to all human beings,Rescue people from being enslaved, alienated, commodified, and imprisoned.
Human beings who have met the basic needs of survival will be freed to engage in more valuable and creative undertakings, so that individuals are willing to participate in social coordination in combination with the needs of society. As Marx said, "According to my own interests, hunting in the morning, fishing in the afternoon, animal husbandry in the evening, and criticism after dinner, so that I will not always be a hunter, fisherman, shepherd or critic."
Sam had conceived of putting these business landscapes together years ago and planned a utopia. He once planned an entire city, "Imagine a city of 100,000 acres with 50,000 to 100,000 residents. Crowdfunding to build infrastructure around the idea that 'no one can make money from real estate', Building a new way of life that is affordable for everyone."
So WorldCoin is more like a social experiment, hoping to become a cryptocurrency belonging to the future digital utopia.
And when we put it together with Sam's other business layouts, we can see that he is trying to build a future utopia dominated by AI, encryption, energy technology and many other high technologies. If this utopia can be realized, human beings will be rescued from the exhausting running of life. As for whether this vision can be realized and when it will be realized, the road will be long and difficult.
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