Worldcoin is worth about $1 billion, according to CoinDesk.
A project that aims to bring cryptocurrency into the hands of as many people as possible has registered more than 130,000 users so far – they have to have their eyes scanned in return.
Worldcoin, backed by Andreessen Horowitz and former Y-combiner co-founder Sam Altman, said in a website post on Thursday that about 60,000 people had registered in the past four weeks. The reason for eye scanning is that startups use iris recognition to ensure that people receiving cryptographic distributions don’t have a lot of work to do.
“While it is still preliminary, the results of this field test are optimistic that Worldcoin will soon connect the first billion users to a shared crypto network,” the publication said. ..
Worldcoin has a definite offering of 10 billion tokens, 20% will be used to fund the production and initial development of the Orb-Iris scanner protocol, and the remainder will be used for users and operators to launch Worldcoin via the protocol. .. According to WorldCoin, the number of tokens at registration will decrease over time.
Iris scans are used because they have enough information to tell people apart, Worldcoin said. However, he said that user accounts were never linked to biometric data. Bullets can also withstand fraudulent activities such as fraud and counterfeiting.
A decrease in the number of symbols over time is an incentive for early recognition, but it is difficult to determine the value of each distribution.
Worldcoin is worth about $1 billion, according to CoinDesk. Bitcoin has a market cap of around $1.2 trillion.