Worldcoin launch divides opinions - crypto community has its say
“What could go wrong?” Decentralized ID protocol Worldcoin has launched, receiving mixed takes from the cryptocurrency community. The launch of blockchain-based digital passport platform Worldcoin has had a polarizing effect on the cryptocurrency community , with questions around its centralization, privacy and security highlighted. Worldcoin released its protocol token on July 24, with major exchanges like Binance announcing support for the token. The project consists of a privacy-preserving digital identity (World ID) and its associated ecosystem token (WLD) which users receive upon creation of a wallet. The Worldcoin project is now live. pic.twitter.com/xZXG4w56Ps — Worldcoin (@worldcoin) July 24, 2023 In order for users to join the ecosystem, they have to provide a scan of their iris through one of Worldcoin’s specialized Orb hardware devices. This step provides proof-of-personhood that is cryptographically secured and used as a World ID, Worldcoin founders Alex Blania a...