World Chain: A New Ethereum Layer 2 Network Focused on Scalability and Human Users

Worldcoin has launched the Ethereum Layer 2 network, World Chain, which has lately attracted a lot of interest. This network runs to improve scalability and prioritize human users.

Worldcoin has recently launched an Ethereum Layer 2 network called World Chain, which has garnered significant attention. This network, which includes the Optimism Superchain, aims to enhance scalability and prioritize human users.

According to Alchemy, over 1,200 accounts on World Chain have recorded at least one externally owned account (EOA) transaction. Additionally, the network has facilitated the creation of 21 different tokens and enabled over 6 million transactions. These early statistics indicate a rapidly growing adoption as World Chain establishes itself within the Layer 2 ecosystem.

Optimizing Scalability and Prioritizing Verified Human Users on World Chain

At its core, World Chain utilizes the same technology that powers other prominent optimism-based chains, namely the OP Stack architecture. This underlying architecture not only enhances scalability but also offers a solution to a pressing challenge in blockchain—network congestion.

In an effort to mitigate the impact of bots, World Chain prioritizes transactions from verified human users. This concept aims to minimize costs and maximize overall efficiency by granting real users quicker access to block space.

Another notable aspect of the network is its innovative approach to transaction fees. Despite ETH remaining the native gas token on the network, users can opt to pay fees with Worldcoin's native token, WLD.

This system is designed to support verified users by allocating a portion of gas, reducing the barrier for everyday transactions. Meanwhile, fees paid by bots and power users contribute to the sustainability of this system, ultimately fostering a more inclusive environment for regular users.

World Chain's connection to Worldcoin adds a further layer of significance. The network's capacity for mass adoption aligns with Worldcoin's goal of building a human-centric blockchain. With over 10 million users of the World App anticipated to migrate to the network, the scalability of World Chain in the future is of great relevance.

To cater to this demand, World Chain has focused on maximizing its gas target, which currently stands at 5 MGas per second—double the capacity of the OP Mainnet. As the network expands, further enhancements are planned to ensure that it can handle increasing transaction volumes without compromising on speed.

Meanwhile, the native token of Worldcoin, WLD, is valued at over $1.73 at the time of writing, having decreased by 1.76% over the last 24 hours. However, on a positive note, WLD has experienced a substantial rise of 22.04% over the last 30 days, indicating a strong bullish momentum in the longer time frame.