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Quick takeaways
- Proof of humanity is necessary in an AI-driven world to distinguish human from machine behavior online.
- WorldCoin uses biometrics such as iris scans to establish proof of humanness, providing a robust and secure solution.
Deep dives
WorldCoin: Building a Protocol for Identity and UBI
WorldCoin is a new cryptocurrency and protocol aimed at providing a fair distribution of tokens to as many people as possible. The project has been developed with the goal of proving personhood and addressing the challenge of proof of humanity online. By using biometrics, specifically iris scans, WorldCoin aims to create a decentralized and privacy-preserving identity solution. The project also has a focus on universal basic income (UBI) and aims to lay the technological foundation to make a non-government funded UBI a reality on a global scale. The team has developed the Orb, a custom hardware device for scanning irises that ensures security and accuracy in the verification process. WorldCoin plans to use the Ethereum blockchain, specifically the ERC-20 token standard, and is considering launching its own Layer 2 solution on optimism. The project has already gained significant traction with over 1.6 million users and 600,000 monthly active users on the WorldCoin app. The team's vision is to scale the network by incentivizing individuals to operate orbs globally. While WorldCoin has received attention and support, there have been concerns raised about the potential privacy implications of storing biometric data. The team emphasizes that only iris codes, not actual scans, are stored, and the protocol aims to preserve privacy through the use of zero-knowledge proofs. WorldCoin's ultimate goal is to enable trustless digital voting, provide accessible UBI, and create a decentralized and inclusive financial system.
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highlights
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