Worldcoin, the eye-scanning crypto project led by Sam Altman, has revealed plans to create its own Ethereum layer-2 blockchain called World Chain. This new blockchain aims to prioritize blockspace for Worldcoin’s 5 million verified World ID holders, while also providing gas allowance for “casual transactions.” The World Chain will be scalable within Optimism’s Superchain concept and will focus on increasing capacity for new users to join. One of the main goals of World Chain is to combat the issue of AI-powered bots that congest networks and drive up fees. Through the World ID system, users will be able to verify their addresses on World Chain, thus ensuring that transactions created by verified humans are given faster confirmation times. The native token for the ecosystem will be ETH, but users will also have the option to pay fees using Worldcoin’s utility token, WLD.
