What Worldcoin Worldcoin is a rather ambitious and controversial project, design! as a global cryptocurrency and identity verification system, put forward by Sam Altman and Alex Blania, two of the leading figures in the technology world, in 2019. The main idea behind this project is to provide equal economic opportunities to every individual in the world and to practically implement the long-discuss! concept of universal basic income (UBI). In order to achieve this goal, Worldcoin aims to detect the unique identity of each person using biometric scanning technology and distribute cryptocurrencies fairly bas! on these identities.
To make What Worldcoin this vision more concrete
onsider Maslow’s hierarchy of ne!s pyramid for the Worldcoin system. At the bottom of this pyramid are physiological ne!s (food, water, shelter). By meeting these basic ne!s, UBI secures the bottom rung buy phone number list of the pyramid. This allows people to focus on higher-level ne!s (safety, love, esteem, self-actualization), increasing the level of well-being in society as a whole.
Worldcoin’s Technological Infrastructure
Worldcoin’s technological infrastructure is bas! mnt coin supply and emission plan on today’s most advanc! blockchain technology and is design! as an ERC-20 token running on the Ethereum network. At the heart of this system is a highly sophisticat! piece of hardware call! “Orb”. Orb creates a unique digital identity for each individual by scanning the users’ irises, and this agb directory process is carri! out in an encrypt! and decentraliz! structure to protect the privacy of personal data. You can
think of the Orb device as a camera that looks like it came out of a science fiction movie, but its function is quite practical; instead of taking a classic photo, this special machine creates a “digital fingerprint” that identifies you by reading the unique iris pattern of your eye, and this fingerprint functions like your ID card in the digital world, but it is much more secure than traditional ID cards and is almost impossible to fake. Thanks to this technology, the unique digital identity creat! for each user becomes the key to being able to trade securely and anonymously in the Worldcoin token ecosystem.
