Worldcoin surges 10% after expanding World ID to Solana via Wormhole News โธ Worldcoin โธ Technology
Worldcoin surges 10% after expanding World ID to Solana via Wormhole
Worldcoin's World ID promises real-human verification for Solana developers.
1 min read
Updated: Sep. 13, 2024 at 6:39 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Worldcoin announced that the Wormhole interoperability platform has expanded its World ID feature to the Solana blockchain, according to a Sept. 13 statement.
The expansion is the result of a Worldcoin Foundation grant, which supported the integration of World ID with Solana. However, the feature is not yet active as its smart contracts are still undergoing a security audit, which is expected to be finished in the coming weeks.
WLD climbed 10% to $1.61 following the news before retreating to around $1.51 as of press time, based on CryptoSlate’s data.
World ID on Solana
World ID is key to Worldcoin’s mission. It uses eye scans from Worldcoin’s Orbs to create unique IrisCodes. These codes generate World IDs to verify human identity and tackle the proliferation of bots in the digital world.
Worldcoin stated that the move would allow Solana developers to build applications that “prioritize real humans.”
Wormhole, a cross-chain platform, will enable this on Solana by allowing protocols on the network to seamlessly authenticate people’s World IDs, which were originally verified on Ethereum. World ID is initially built on Ethereum and Optimism.
Robinson Burkey, co-founder of the Wormhole Foundation, commented:
“Bringing World ID to Solana is a big step forward for identity verification. With the integration of World ID and Wormhole Queries, developers can now easily build applications that prioritize real users across chains, improving trust in decentralized ecosystems.”
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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
Worldcoin’s mission is to build the worldโs largest identity and financial network to serve as a public utility, giving ownership to everyone.
Solana
$238.639
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Ethereum
$3,120.70
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
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.
Wormhole enables programmers to create decentralized applications that work throughout the whole blockchain ecosystem with ease.