Worldcoin (WLD)
Basics
- Based in:
- Started in / Announced on: 21-10-2021
- Testnet release:
- Mainnet release:
- Iris scans using zk proofs (Semaphore) on Hubble optimistic rollup
History
Audits & Exploits
- Bug bounty program can be found [insert here].
- Had two audits, by Nethermind and Least Authority (28-7-2023).
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- Distributed “fairly” yet the team gets 20% of the supply and every major VC is invested (24-10-2021).
Utility
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
Implementations
- Built on:
- Programming language used: Rust (28-7-2023) with someone commenting:
"Unresolved issue: “The Worldcoin Protocol utilizes the BN254 curve in the proving system. In 2016, advances in number theory led to a lower security estimate for this curve. Specifically, its security is now considered to be around 96-bits. […] Even for applications that only need to remain secure until 2030, NIST requires a security level of at least 112-bits” Worldcoin stated that they plan to upgrade at an unspecified time. Is it right to conclude that the proofs of humanity minted until then will become invalid because their security level will not guarantee that they're not forged? Or will they be accepted based on their minting date?"
Transaction Details
How it works
Fees
Upgrades
Mining
Staking
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
- Wants you to scan your eyeballs to get tokens. Edward Snowden can explain why that is bad.
- From this tweet (24-10-2021):
"Let me sum up how bad @worldcoin is -Distributed “fairly” yet the team gets 20% of the supply and every major VC is invested -User acquisition model imitates that of a MLM (Herbalife) -Privacy policy permits them to give your data to 3rd parties -Name resembles a 2017 ICO scam"
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
- From this tweet (24-10-2021):
"Has funding from Andreesen Horowitz, 1confirmation, Coinbase Ventures, CoinFund, DCG, HASHED, Kenetic Capital, Multicoin, Three Arrows Capital, Reid Hoffman (co-founder of LinkedIn), SBF, Denis Nazarov, Jesse Walden, and the founders and early team members from Solana, multiple Ethereum projects, Polkadot and the Web3 Foundation and more."
Partners
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