- 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.
Read CRYPTONEWSLAND on
google news
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.
Read Also :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
