The web3 hosts thousands of cryptocurrencies, which makes the digital world very competitive. So, in order to become authentic and surpass the most popular currencies, innovation is key. There are many emerging networks that introduce new concepts and advanced tools to reshape the market, but not all of them are experiencing the same success. In this article, we are going to unveil the power of Worldcoin, which aims to create a global economy that serves the needs of everyone, no matter their social or financial status. WLD focuses on using advanced technologies to promote a future-oriented vision and promises to reshape the traditional economy. The World Network uses a concept that was never seen before in web3, the orb, a form of identification that seems like it was designed by an SF movie producer. Of course, as with any other advanced technology, there is a lot of skepticism around Worldcoin, but considering the success of the network among crypto-enthusiasts, we can expect the coin to skyrocket in 2025. So, if you want to identify the best opportunities for you, check the Worldcoin price to see what the future could hold and consider the main benefits of the new technology. So, what exactly is Worldcoin, and how does it work?
The Surge of WLD
The WLD network was designed by the CEO of OpenAI, Sam Altman, who aims to promote financial inclusion on web3, offering a decentralized and secure platform to serve the financial needs of every individual in the world. The surge of WLD took the world by storm because this concept had never been seen before, as it is built with advanced identification tools that transcend other protocols. In the ever-growing digital market, competition is tough, but the network is able to stand out thanks to important technologies like the orb, which is an identification process very interesting, that relies on the iris scan of every user, the concept of universal basic income, that aims for every individual in the world to receive money independently from the traditional economy, and the distribution of WLD tokens for everyone who enters the network. All these innovations are still very secure, maintaining the privacy of users and promoting the overall security of every individual, regardless of the identification methods that might look concerning at first.
The Concept of UBI
UBI (universal basic income) is a concept that has completely reshaped web3. As the name suggests, this project wants to provide every individual with a stable financial situation, regardless of their current social and economic status and conditions.
To achieve this goal, the network distributes free Worldcoin tokens to every person who enters the network. This idea also focuses on helping people from underbanked and developing countries reach financial stability and remain independent from the traditional economy. In fact, financial inclusion is the core value of the project, and it’s the main focus to keep at bay issues of traditional financial systems, such as the rise of inflation and the problem of people who don’t have access to banks or bank accounts.
The Orb
The orb is a transformative technology for identification on the WLD network. The orb scans users’ irises to securely verify their identity and prove that they are human beings. In fact, this technology wants to verify humanity to ensure that every participant of the network is a unique person and there are no duplicated accounts. This method is also designed to prevent fraud, to evenly distribute Worldcoin tokens, and, of course, it helps establish an identity in the network, so it’s much easier for investors to access all the features of the project and open their wallets to welcome the new opportunities that arise.
World ID
The world ID is another core feature of the WLD network. This concept is designed to serve users with decentralized and advanced tools in the platform while preserving their privacy. The concept is rooted in the orb ID method, and it’s the cornerstone of the Proof of Personhood mechanism. PoP is a new technology that allows all people to benefit from the utility cases of Worldcoin, proving that they are humans, and it works just like a personal profile without actually registering sensitive information and biometric data into the system. The world ID is stored in the decentralized network, ensuring its protection thanks to advanced security measures and protocols within the ecosystem. It can also be used to access personal wallets and more.
The Distribution of WLD Tokens
One of the best things about Worldcoin is that the tokens are distributed to everyone who decides to enter the network completely free. You don’t have to actually invest in the network at first, but you can indeed participate in governance and staking to earn more tokens and enhance your profits following the path of the currency.
As a user, you have the opportunity to make decisions, vote on the reliability of future projects, express your ideas freely, and, in return, receive WLD coins. Also, you can decide to stake your currency into the network on a dedicated pool, helping the network maintain certain stability and improving its scalability while receiving other tokens for your activity as a reward.
Enhanced Privacy
All the advanced technologies for identification might seem dangerous at first. In fact, there is still a lot of skepticism around this project, but regardless of how scary things might appear at first, the truth is that Worldcoin promises the highest security standards. In fact, all the information remains private, and the network is completely encrypted.
We can say that the new project on the web3 seems part of a SF movie, but considering the ever-evolving modern technologies, we can surely consider it a network for the future. Financial inclusion and a global economy are the main goals of the platform, so we can expect incredible new transformations in the near future.
