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Home»Adoption»Worldcoin surges 10% after expanding World ID to Solana via Wormhole
Adoption CoinViraBy CoinVira

Worldcoin surges 10% after expanding World ID to Solana via Wormhole

September 13, 2024No Comments2 Mins Read
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Worldcoin recently made an exciting announcement regarding the expansion of its World ID feature to the Solana blockchain through the Wormhole interoperability platform. This development comes as a result of a grant from the Worldcoin Foundation, which facilitated the integration of World ID with Solana. However, the feature is not yet active, as its smart contracts are currently undergoing a security audit, which is expected to be completed in the upcoming weeks.

Following the news, the price of WLD experienced a 10% surge, reaching $1.61 before retracing back to around $1.51 at the time of writing, based on data from CryptoSlate.

World ID plays a crucial role in Worldcoin’s mission by utilizing eye scans from Worldcoin’s Orbs to create unique IrisCodes. These codes are used to generate World IDs, which are essential for verifying human identity and combating the prevalence of bots in the digital realm. The expansion of World ID to Solana will enable developers on the blockchain to create applications that prioritize genuine human users.

Wormhole, a cross-chain platform, will facilitate this process on Solana by allowing protocols on the network to seamlessly authenticate individuals’ World IDs, which were originally validated on Ethereum. It is important to note that World ID is initially established on Ethereum and Optimism.

Robinson Burkey, the co-founder of the Wormhole Foundation, expressed his enthusiasm about the integration of World ID with Solana, stating, “Bringing World ID to Solana is a significant advancement in identity verification. With the incorporation of World ID and Wormhole Queries, developers can now effortlessly build applications that prioritize authentic users across different chains, thereby enhancing trust in decentralized ecosystems.”

See also  Congressional hearing on DeFi reveals deep partisan divide over regulatory approach

Overall, the expansion of World ID to Solana through Wormhole represents a significant milestone for Worldcoin and the broader blockchain community. This move not only enhances identity verification processes but also paves the way for the development of more secure and trustworthy decentralized applications.

expanding Solana Surges World Worldcoin Wormhole
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