What is Worldcoin (WLD)?

TLDR
Worldcoin (WLD) is a cryptocurrency and identity protocol designed to create a global digital identity network (World ID) and distribute tokens as a means of universal economic participation.

1. Biometric Identity: Uses iris-scanning Orb devices to verify unique human identity while preserving privacy.
2. Token Utility: Functions as a governance tool, payment method for gas fees on World Chain, and a potential universal basic income mechanism.
3. Decentralized Governance: Aims to transition decision-making to users via “one-person-one-vote” systems tied to World ID.

Deep Dive

1. Purpose & Value Proposition

Worldcoin seeks to solve two core challenges: proving humanness online (via World ID) and equitably distributing digital assets. Its World ID system uses biometric verification through Orb devices to issue credentials that confirm users are real humans, not bots or duplicates. This “Proof of Personhood” could enable fairer governance, reduce fraud, and support applications like universal basic income. WLD tokens are distributed for free to verified users in eligible regions, aiming to become the most widely held cryptocurrency (Worldcoin Whitepaper).

2. Technology & Architecture

The protocol combines:
- Orb Devices: Physical scanners that capture iris patterns to verify uniqueness. Data is encrypted and deleted unless users opt in to storage.
- Zero-Knowledge Proofs: Protects privacy by allowing users to prove they’re human without revealing personal details.
- Blockchain Infrastructure: WLD is an ERC-20 token on Ethereum, but most transactions occur on Optimism’s Layer-2 network for scalability.

3. Tokenomics & Governance

• Supply: Fixed at 10 billion WLD for 15 years, with optional inflation (up to 1.5% annually) post-2038.
• Distribution: 75% allocated to users, 9.8% to developers, and 13.5% to investors. Over 194 million WLD are circulating as of August 2025.
• Governance: Combines token-based voting and World ID-based democracy. For example, users might vote on protocol upgrades or fund allocation.

Conclusion

Worldcoin merges biometric identity verification with cryptocurrency distribution, aiming to democratize access to digital economies. Its success hinges on balancing privacy concerns with scalable adoption. Can World ID become the default standard for proving humanness in an AI-dominated internet?