- Worldcoin assured users that their identity is protected amid growing privacy concerns.
- The team also promised that it will prevent cross-application tracking with zero-knowledge proofs.
- People who scan their eyeballs on Worldcoin Orbs can get a World ID and WLD coins.
Despite a successful launching supported by leading crypto exchanges, Worldcoin (WLD) is finding itself in the crosshairs of crypto controversy for privacy issues. This, the team assures, is nothing but a myth.
According to an official post, Worldcoin explained that its use of zero-knowledge proofs (ZKP) would protect the privacy of anyone who signs up for the project. In addition, its protocol would prevent cross-application tracking, a notorious practice being committed by modern cybercriminals today.
Worldcoin’s highly successful launching got overwhelmed by controversy when people realized that they have to scan their eyeball using Orbs — physical metallic spheres available on 20 countries — to prove that they are humans and not bots. In return, they get rewarded with WLD coins and are given a World ID to certify their humanity.
Once the user gets a World ID, he can participate in Worldcoin’s newly-created crypto ecosystem, which has the same goal as Bitcoin.
So far, only 11% of the total supply of WLD is in circulation. At the time of writing, each WLD coin is worth $2.30, according to CoinGecko. This makes it the 133rd-largest cryptocurrency in terms of market capitalization. WLD is also traded on leading exchanges like Binance, Huobi, Gate.io, and Bybit.
