Worldcoin Iris Biometric Cryptocurrency Project to Upgrade Technology
The Worldcoin Iris biometric cryptocurrency project is planning to upgrade its technology after being publicly launched for 180 days. In an exclusive interview, Alex Blania, the COO and co-founder of Tools for Humanity, revealed the news of the intended revamp. He mentioned that the next iteration of the Worldcoin Orb device will have a different design, resembling an Apple product. The initial design of the device was conceived four years ago when Blania joined the company.
The revamped version of the Orb device will be introduced in the first half of 2024 and will feature alternative colors to make it more visually appealing.
Enhancing Orb Technology for Scalability
Recognizing the need to adapt to market dynamics and technological advancements, Worldcoin is focused on enhancing the capabilities of its Orb technology. Scalability is one of the key areas of improvement in this revamp. As blockchain technology gains traction across industries, there is a growing demand for scalable solutions. Worldcoin aims to optimize its Orb technology to support a higher throughput of transactions, catering to a larger user base.
Addressing Regulatory Challenges
In December 2023, Worldcoin temporarily paused its Orb verification services in India, Brazil, and France. This raised concerns about regulatory challenges in key markets. The company had previously opened kiosks and generated excitement but faced scrutiny regarding potential regulatory hurdles. However, Worldcoin remains committed to meeting regulatory requirements globally. Recently, they launched their Orb verification in Singapore and achieved 500,000 World ID verifications in Argentina.
Potential Impact on Worldcoin Token
The native token of the Worldcoin ecosystem, WLD, currently has a market value of $2.24 with a 0.46% loss in the last 24 hours. With the upcoming upgrade to the Worldcoin Orb device, the token may gain more traction. The new version, resembling Apple products, could have a positive impact on the Worldcoin token in the long run.
Hot Take: Worldcoin Orb Upgrade Paves the Way for Future Growth
The planned upgrade of the Worldcoin Orb technology signifies the company’s commitment to staying at the forefront of innovation in the cryptocurrency space. By addressing scalability and regulatory challenges, Worldcoin aims to provide a more efficient and secure platform for its users. The revamped design, resembling popular consumer electronics, may attract a wider audience and drive adoption of the Worldcoin ecosystem. As the upgrade rolls out in 2024, it will be interesting to see how these improvements positively impact the value and utility of the Worldcoin token.
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