Ethereum’s Vitalik Buterin praises Worldcoin’s data privacy focus amid regulatory scrutiny News ▸ Portugal · Spain ▸ Worldcoin ▸ Technology
Ethereum’s Vitalik Buterin praises Worldcoin’s data privacy focus amid regulatory scrutiny
Worldcoin's co-founder further revealed other efforts of the firm to improve the platform's security.
2 min read
Updated: Mar. 29, 2024 at 10:37 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Ethereum co-founder Vitalik Buterin has praised Worldcoin’s effort to enhance data privacy amid recent global regulatory challenges.
In a March 29 post on social media platform X, Buterin acknowledged Worldcoin’s commitment to addressing privacy concerns by significantly reducing the data required in its system.
According to him:
“[Worldcoin] actually has been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more data-minimal. Modern cryptography is truly amazing.”
Notably, Buterin was one of the earliest critics of the project when it launched last year. At the time, the Ethereum co-founder identified several flaws with the project’s design, including the risk of data leaks and the collection of sensitive information such as gender, ethnicity, and health conditions.
Since then, the Sam Altman-related project has faced several privacy-related controversies in various jurisdictions. Recently, regulatory authorities in Portugal and Spain imposed a temporary ban on Worldcoin’s data collection activities for three months due to concerns over inadequate disclosure and unauthorized data collection from minors.
Worldcoin’s transparency and security
Alex Blania, Worldcoin’s co-founder, revealed that the crypto project has made significant strides in the transparency and security of its technology.
Blania, in a March 28 post on X, detailed how the firm has made its ORB technology’s core software components open-source while introducing new features that give people control over how their data is used.
He added:
“Additional steps have been taken to ensure only individuals over the age of 18 are able to verify at an Orb. This includes redundant age confirmations in the app, verbal confirmation from Operators, and signage at locations. More technical solutions will follow.”
Additionally, Blania pointed out Worldcoin’s commitment to collaborating with regulators to drive advancements across its operations. He remarked:
“Worldcoin is already the most private, open, and secure system of its kind and has never been more important.”
These developments have translated into an increasing user base for the project, as nearly 5 million people across 120 countries have registered on its platform.
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Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Worldcoin
$2.36536
Worldcoin’s mission is to build the world’s largest identity and financial network to serve as a public utility, giving ownership to everyone.
OpenAI
OpenAI is an AI research and deployment company committed to ensuring that general-purpose artificial intelligence helps all of humanity.
Worldcoin
Worldcoin, co-founded by Alex Blania and OpenAI CEO Sam Altman, seeks to provide its users with a verified digital identity, as well as a cryptocurrency token (WLD) and a crypto wallet software.
Vitalik Buterin stands as the pioneering force behind Ethereum, a transformative community-driven platform that fuels the cryptocurrency ether (ETH) and underpins a myriad of decentralized applications.
Sam Altman is the CEO of OpenAI, an AI research and deployment company since 2019.