Optimism Mainnet to Host Worldcoin’s Flagship Applications

Godfrey Benjamin
May 11, 2023 Updated September 6, 2024
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Layer 2 scaling solution, Optimism has announced the integration of World ID and World App, Worldcoin’s flagship products on its Mainnet.

While giving the update, Optimism revealed on Twitter that the anticipated partnership has been in the making for over a year, adding that Worldcoin is a welcome complement to its efforts to develop a strong decentralized identification ecosystem.

Through the partnership, World ID and World App will be able to run on top of the Layer 2 infrastructure provided by Optimism. This could lead to quicker transaction confirmation times and lower costs for consumers of these applications.

In celebration of the collaboration, Optimism revealed on Twitter, that it would be issuing an open edition of non-transferable Non-Fungible Token (NFT) together with Worldcoin, which will be accessible for minting through decent.xyz, a Multichain NFT infrastructure.

Optimism is a Layer 2 scaling solution for the Ethereum network that aims to increase transaction throughput and reduce fees. It accomplishes this by processing transactions off-chain and then publishing batch transactions to the Ethereum Mainnet on a regular basis. This method decreases the load on the Mainnet and enables faster and cheaper transactions.

Worldcoin, on the other hand, is an open-source initiative that is backed by a global community of developers, individuals, economists, and technicians. The World App, specifically, allows users to save and transfer crypto tokens using Polygon.

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The Expansion of Ethereum’s L2 Ecosystem

The Ethereum Layer 2 (L2) ecosystem has been growing rapidly in recent months, with various scaling solutions being developed to address the high gas fees and congestion issues on the Ethereum network.

Other Layer 2 scaling options that have gained prominence in addition to Optimism include Polygon, Arbitrium, and zkSync. These Layer 2 scaling solutions have several advantages, including faster transaction confirmation times, lower gas rates, and increased scalability for Ethereum-based applications.

Furthermore, they are designed to be compatible with existing Ethereum smart contracts, meaning that developers can easily port their applications to these solutions.

Overall, the expansion of the Ethereum L2 ecosystem is a positive development for the Ethereum network and its users. This is because it enables higher acceptance and scalability of Ethereum-based apps while also addressing the network’s scalability concerns.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.