{"id":2284,"date":"2023-07-24T10:59:14","date_gmt":"2023-07-24T10:59:14","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=2284"},"modified":"2023-07-24T10:59:14","modified_gmt":"2023-07-24T10:59:14","slug":"what-is-worldcoin-wld","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/","title":{"rendered":"What Is Worldcoin (WLD) ?"},"content":{"rendered":"<p>Worldcoin (WLD) one of the most divisive projects at the moment and created by OpenAI CEO Sam Altman, combines biometrics, hardware, and AI. At the center of the problem is The Orb, a special imaging device that verifies identification and grants access to the international market.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/#What_Is_Worldcoin_WLD\" title=\"What Is Worldcoin (WLD)?\">What Is Worldcoin (WLD)?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/#How_Does_It_Work\" title=\"How Does It Work?\">How Does It Work?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/#The_WLD_Token_Overview\" title=\"The WLD Token Overview\">The WLD Token Overview<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/#How_to_Buy_Worldcoin_WLD_Token\" title=\"How to Buy Worldcoin (WLD) Token?\">How to Buy Worldcoin (WLD) Token?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"What_Is_Worldcoin_WLD\"><\/span>What Is Worldcoin (WLD)?<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p style=\"color: #252525;\">Worldcoin was founded with the mission of creating a globally inclusive identity and financial network owned by the majority of humanity. If successful, Worldcoin might significantly enhance economic opportunity. Additionally, it could provide a solid solution for identifying people using AI online while maintaining privacy. Moreover, it enables global democratic procedures and demonstrates a feasible road to AI-funded UBI.<\/p>\n<p style=\"color: #252525;\">Worldcoin consists of a digital currency (WLD) and, where legally permitted, a privacy-preserving digital identification network (World ID) based on verifiable evidence of personhood. Importantly, every human is eligible for a share of WLD solely by being human. Additionally, the contributor team at Tools for Humanity (TFH) has developed the World App as the initial frontend to World ID and the Worldcoin Protocol, complementing WLD and World ID at this stage.<\/p>\n<p style=\"color: #252525;\">One of the main concepts of Worldcoin is &#8220;proof of personhood,&#8221; which refers to proving that a person is both human and unique. Once formed, it allows the person to claim they are an authentic individual and that they are distinct from another actual person without having to disclose their real-world identity.<\/p>\n<blockquote><p>You also might like: <a href=\"https:\/\/coinengineer.net\/blog\/worldcoin-wld-from-openais-founder-is-listing-on-binance\/\"><strong>Worldcoin (WLD) from OpenAI\u2019s Founder Is Listing On Binance!<\/strong><\/a><\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"How_Does_It_Work\"><\/span>How Does It Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2300 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin-300x169.webp\" alt=\"\" width=\"536\" height=\"302\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin-300x169.webp 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin-1024x576.webp 1024w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin-768x432.webp 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin-1536x864.webp 1536w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-worldcoin.webp 1920w\" sizes=\"auto, (max-width: 536px) 100vw, 536px\" \/><\/p>\n<p style=\"color: #252525;\">In the past, protocol contributors performed a poor job of sharing their stories. Like the majority of people, we had a bad initial reaction to Worldcoin. At first glance, it appears to be an Orwellian combination of hardware, biometrics, and encryption\u2014not for the weak.<\/p>\n<p>WLD uses iris scanning to register and authenticate users, verifying their authenticity, life, and individuality through the colored part surrounding the pupil. Worldcoin utilizes a specialized device called an &#8220;orb&#8221; to facilitate the scanning process for registering and authenticating users. The &#8220;orb&#8221; scans the iris, verifying the subject&#8217;s authenticity, life, and individuality.<\/p>\n<p>Biometrics, particularly when encryption is involved, warrants caution for several reasons. Science fiction movies and books have explored the concept of &#8220;eyeball harvesting,&#8221; adding to the dystopian perspective surrounding biometric technologies. These concerns have raised awareness about the potential risks associated with their implementation.<\/p>\n<p style=\"color: #252525;\">The orb captures an image of the iris and generates a unique code to replace the unpredictable iris data. It swiftly eliminates the raw biometric information, retaining only the iris code within the device.<\/p>\n<p>TFH&#8217;s World App, the inaugural wallet in the Worldcoin ecosystem, grants verified users a World ID, enabling discreet verification of their unique identities to anyone they select. These on-chain identity guarantees rely on fully secure cryptography. Even if iris codes were reversible, tracing specific individuals or discerning their usage of World ID remains unattainable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_WLD_Token_Overview\"><\/span>The WLD Token Overview<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Token Information:<\/strong><\/p>\n<ul>\n<li>Token Type: ERC-20 token on Ethereum Mainnet<\/li>\n<li>Users&#8217; Grants: Individuals will receive their user grants on Optimism Mainnet.<\/li>\n<li>Main Venue for Transactions: Most WLD transactions will likely take place on the Optimism network. The token can be bridged back to Ethereum through the Optimism bridge if needed.<\/li>\n<\/ul>\n<p><strong>Addresses:\u00a0<\/strong><\/p>\n<ul>\n<li>Ethereum Address: 0x163f8c2467924be0ae7b5347228cabf260318753<\/li>\n<li>Optimism Address (Main Venue for Access and Use): 0xdc6ff44d5d932cbd77b52e5612ba0529dc6226f1<\/li>\n<\/ul>\n<p><strong>Token Allocation Entity:<\/strong><\/p>\n<ul>\n<li>World Assets Ltd., a subsidiary of the Worldcoin Foundation based in the British Virgin Islands.<\/li>\n<\/ul>\n<p><strong>Supply Details:<\/strong><\/p>\n<ul>\n<li>Initial Supply Cap: 10 billion WLD tokens.<\/li>\n<\/ul>\n<p><strong>Inflation:<\/strong><\/p>\n<ul>\n<li>Inflation Rate: Up to 1.5% per year.<\/li>\n<li>Start of Inflation: Inflation can begin at the earliest after 15 years from the launch date.<\/li>\n<li>Inflation Control: The inflation rate is set by protocol governance. The default inflation rate is 0%<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>WLD Token Allocation:\u00a0<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2296 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/wld-token-allocation-300x179.jpeg\" alt=\"\" width=\"661\" height=\"394\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/wld-token-allocation-300x179.jpeg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/wld-token-allocation-768x457.jpeg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/wld-token-allocation.jpeg 788w\" sizes=\"auto, (max-width: 661px) 100vw, 661px\" \/><\/p>\n<p><strong>Unlocked Supply Schedule:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-2298 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-wldm-300x179.jpeg\" alt=\"\" width=\"663\" height=\"395\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-wldm-300x179.jpeg 300w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-wldm-768x459.jpeg 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/07\/what-is-wldm.jpeg 793w\" sizes=\"auto, (max-width: 663px) 100vw, 663px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Buy_Worldcoin_WLD_Token\"><\/span><strong>How to Buy Worldcoin (WLD) Token?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>WLD has been listed on major cryptocurrency exchanges such as <a href=\"https:\/\/accounts.binance.com\/en\/register?ref=B4DLQJE0\" target=\"_blank\" rel=\"noopener\"><strong>Binance<\/strong><\/a>, <a href=\"https:\/\/www.okx.com\/tr\/join\/indirim\" target=\"_blank\" rel=\"noopener\"><strong>OKEX<\/strong><\/a>, <a href=\"https:\/\/www.bitget.com\/tr\/expressly?languageType=8&amp;channelCode=CoinMuhendisi&amp;vipCode=2bui\" target=\"_blank\" rel=\"noopener\"><strong>Bitget<\/strong><\/a>, <a href=\"https:\/\/www.huobi.com\/tr-tr\/register\/?backUrl=%2Ftr-tr%2F&amp;invite_code=mbwg2223\" target=\"_blank\" rel=\"noopener\"><strong>Huobi<\/strong><\/a>, and more. If you don&#8217;t have an account, you can register and start trading through these links.<\/p>\n<hr \/>\n<p>Feel free to share your thoughts on the topic in the comments. And don&#8217;t forget to follow us on <a href=\"https:\/\/t.me\/coinengineer\"><strong>Telegram<\/strong><\/a>,\u00a0<a href=\"https:\/\/www.youtube.com\/CoinEngineer\"><strong>YouTube<\/strong><\/a>, and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\"><strong>Twitter<\/strong><\/a> for more analysis and updates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worldcoin (WLD) one of the most divisive projects at the moment and created by OpenAI CEO Sam Altman, combines biometrics, hardware, and AI. At the center of the problem is The Orb, a special imaging device that verifies identification and grants access to the international market. What Is Worldcoin (WLD)? Worldcoin was founded with the<\/p>\n","protected":false},"author":2,"featured_media":2285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,5],"tags":[619,614,613,620],"class_list":["post-2284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-projects","category-project-review","tag-how-can-i-buy-worldcoin-wld","tag-what-is-wld","tag-what-is-worldcoin","tag-worldcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What Is Worldcoin (WLD) ? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Worldcoin, one of the most divisive projects at the moment and created by OpenAI CEO Sam Altman, combines biometrics, hardware, and AI.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/what-is-worldcoin-wld\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Is Worldcoin (WLD) ? 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