Sat 12 October 2024 ▪
4
min reading ▪ acc
The Worldcoin adventure seems to be losing its luster already. WLD, which traded at $11.7 in March, is now worth just $2. But all hope is not lost! While waiting for crypto to return to its highs, Sam Altman and his team at Tools for Humanity are not idle. With the launch of World Chain, a powerful blockchain built on Ethereum, the future of cryptocurrency is taking shape under a new umbrella.
Worldcoin on the way to expansion
Maybe it’s time to hide Worldcoin’s misery: the fact that it massacred its investors with an 84% loss. From this situation, however, a new technological gem, World Chain, is created, which is displayedImpressive characters from the first months of their existence.
It has processed this layer 2 blockchain since its launch more than 6 million transactionsmaking it one of the most promising networks in the crypto ecosystem. We’re already counting 1,200 active accounts that have transacteda dazzling start for this new decentralized platform.
THE 21 cryptocurrencies created through World Chain demonstrates its potential to support the growth of DeFi applications, a booming sector. According to the team, “ this infrastructure will enable unprecedented scalability “.
In fact, blockchain is designed to process a high volume of transactions while reducing fees and increasing trading speed.
The development of crypto solutions and the power of layer 2 networks
The success of second layer solutions like World Chain depends on their capabilities address recurring blockchain issues : slow transactions, congestion and exorbitant costs. Thanks to the layer 2 structure, Worldcoin banks 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 high gas costs.
- already processed 6 million transactions;
- 1,200 active accounts registered;
- 21 cryptocurrencies created in less than a year.
The world chain goes increasing popularity of layer 2 solutionsproving that the future of blockchain lies in interoperability and efficiency. Worldcoin’s ambitions? Making blockchain accessible to millions of people around the world and decentralize the digital economy on an unprecedented scale.
World ID, another revolutionary product in the Worldcoin ecosystem, was recently deployed on Solana, a blockchain renowned for its security and potential to compete with Ethereum.
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The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.