FIRST MOVER: Why Worldcoin Is Launching a Layer 2
CoinDesk Podcast Network
CoinDesk
4.7 • 698 Ratings
🗓️ 20 April 2024
⏱️ 20 minutes
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| 0:00.0 | In general, I think people shouldn't trust others, right? |
| 0:02.7 | That's the whole premise of crypto. |
| 0:04.1 | I think that the whole model of don't be evil clearly didn't work. |
| 0:07.9 | The only thing that works is you can't be evil. |
| 0:10.1 | And so WorldCoin is a sign a way in which the teams, whoever that is, |
| 0:13.9 | which are working on it at the time, cannot be evil now or in the future. |
| 0:18.1 | And so a lot of things go into that. |
| 0:19.4 | For starters, this is why it's |
| 0:21.1 | decentralized, right? This is why it runs on blockchains. It's not just because blockchains are |
| 0:25.1 | fun. Blockchains are actually a lot harder to build on, but they're important because you don't |
| 0:29.3 | have to trust anyone. Digital identity is a hot topic. And on this show, we've explored |
| 0:34.5 | solutions to digital identity that include using technologies like zero knowledge proof. |
| 0:39.3 | WorldCoin has been tackling digital identity in a slightly different way. |
| 0:43.4 | If you've been following the project, you know that it became popular in 2021 when the company raised more than $100 million to realize their vision of achieving a more equitable global economy. Since then, they've launched |
| 0:56.3 | campaigns to scan human eyeballs, to gain access to aspects of their application, and to get |
| 1:02.0 | WLD tokens. Now the project has announced that it is building a layer two Ethereum blockchain |
| 1:07.4 | that will be based on optimism stack to offer users cheaper and faster speeds. |
| 1:13.8 | The chain is designed to prioritize verified humans over AI bots and trading algorithms, |
| 1:19.6 | and users who scan their eyeballs to verify themselves will get special treatment. |
| 1:24.9 | Tiago Sada is the head of product at Tools for Humanity and World |
| 1:28.1 | Coin Core team member. Tiago, welcome back to First Mover. Thank you for having. Janet's always great |
| 1:33.8 | coming by to talk about the news. Of course. There have been several different developments over the |
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