Worldcoin helps Optimism’s burden, drives transaction milestone


20 Sep 2023 2:30 AM

Worldcoin’s new update allows it to slash its fee expenditures and reduce the load on Optimism by two-thirds. But there's a strange factor driving the resolution....

  • Worldcoin has introduced a ZK-proof entity to address privacy concerns and reduce reliance on Optimism.
  • The WorldApp wallet has been upgraded to be scalable and cost-efficient without needing Worldcoin's input.
  • The transaction costs for Worldcoin were previously shared between Ethereum's L1 and Optimism's L2.
  • The new update allows Worldcoin to reduce fee expenditures and decrease the workload on Optimism.
  • WorldApp achieved a record of 500,000 transactions in a single day.
  • Worldcoin's development activity has increased, indicating dedication from developers.
  • The native token, WLD, has seen a 33.13% increase in the last seven days.
  • Compression algorithms and Groth16 proofs have been implemented to optimize gas consumption and ensure privacy.

The overall sentiment of the article is positive, highlighting the improvements and achievements of Worldcoin.

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You May Ask

How has Worldcoin addressed privacy concerns and reduced reliance on Optimism?What is the significance of the upgrade to the WorldApp wallet?How were transaction costs for Worldcoin distributed before the new update?What record did WorldApp achieve in terms of transaction volume?How has Worldcoin's native token, WLD, performed in the last seven days?

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