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Worldcoin's Worldchain is an Ethereum Layer 2 network designed to provide secure, decentralized identity verification by combining blockchain technology with biometric data. It enables users to prove their unique human identity while maintaining privacy through zero-knowledge proofs, creating a trust layer for digital interactions. By integrating identity verification at scale on Layer 2, it aims to support a wide range of applications from finance to social platforms without burdening the Ethereum mainnet.
The benefits of Worldchain include enhanced privacy and security in identity verification, reducing fraud and enabling fairer access to digital services. Its scalability on Layer 2 ensures faster and cheaper transactions compared to mainnet solutions, improving user experience. Additionally, Worldchain's approach fosters inclusive participation by verifying users as unique individuals, which can transform onboarding processes and digital trust globally.