In a world increasingly reliant on artificial intelligence and big data, the Worldcoin project has emerged as one of the most controversial and ambitious digital currency projects at the same time. Its goal? To provide a reliable global digital identity for every person on Earth.
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👁️ How does Worldcoin work?
The Worldcoin project relies on an innovative device known as the Orb, which scans the iris to uniquely and non-repetitively verify a person's identity. After registration, the user receives a digital identity code known as World ID, which can be used to confirm "that you are human" in electronic applications and services.
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💸 WLD Coin: More than Just a Token
After verification, the user is rewarded with WLD, the native currency of the project. It can be used for:
Financial Transfers
Program Rewards
Funding Decentralized Projects
Accessing benefits within applications supported by digital identity
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🏦 Backed by Major Names
The Worldcoin project was founded by Sam Altman, the CEO of OpenAI (yes, the same company behind ChatGPT). The project includes a cadre of developers and investors from Silicon Valley.
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🌍 Why is the project considered revolutionary?
Addressing the issue of fake identity online
Paving the way for the integration of decentralized finance with artificial intelligence
Aiming to provide Universal Basic Income (UBI) through cryptocurrency
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📈 WLD on Binance
WLD was listed on Binance in July 2023 and is available for trading against several pairs such as:
WLD/USDT
WLD/BTC
Also available in futures!
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⚠️ Are there concerns?
Some experts raise questions about:
Privacy and Biometric Data
Using Iris Recognition in Digital Identity
Data Centralization in a Project That Is Supposed to Be Decentralized
However, the development team assures that the data is not stored in a way that can be linked to the user and is fully encrypted.
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🚀 Final Words
Worldcoin offers not just a digital currency, but a comprehensive vision for the future of the Internet and human interactions. As the world stands on the brink of a radical transformation in the digital economy, WLD may be the bridge between reality and global digital identity.
