Worldcoin System Design Was Praised Amazing By Vitalik Buterin

Key Points:

• Ethereum co-founder Vitalik Buterin praised Worldcoin’s efforts to address privacy concerns by minimizing data collection.
• The Worldcoin system design has garnered attention, with over 4.5 million individuals participating worldwide.

On March 29, Vitalik Buterin, co-founder of Ethereum, commended Worldcoin for addressing privacy concerns by adopting a more data-minimal approach.

Read more: Worldcoin Review: The New Project Expected To Boom In 2024

Buterin Applauds Worldcoin System Design Privacy Efforts

Buterin said: “Modern cryptography is truly amazing,” while the Worldcoin system design is encountering problems with the right to store user information. Worldcoin, founded by Sam Altman on July 24th, aims to enhance economic opportunities while preserving privacy by distinguishing humans from AI online.

Altman reported successful trials in Africa, with two million individuals already added to Worldcoin’s crypto database. The project secured $115 million from investors like Blockchain Capital, a16z crypto, and Bain Capital Crypto in May.

Worldcoin Introduces Personal Custody Amid Legal Challenges

Despite the focus on its crypto aspects, the digital identity of the Worldcoin system design is considered more crucial. It incentivizes people to register by scanning their faces with an “orb” device in exchange for digital IDs and cryptocurrency. Over 4.5 million individuals from 120 countries have already participated.

However, legal hurdles have plagued the project. Portugal’s National Data Protection Commission and Spain’s Data Protection Authority issued 90-day bans on biometric data collection following similar setbacks in Kenya and South Korea. These sentiment challenges have dampened investors.

To address privacy concerns, Worldcoin introduced Personal Custody on March 22, 2024. This feature enables users to store verification data, including iris codes, locally on their devices instead of centralized servers. It also facilitates Face Authentication for secure applications directly on users’ devices, reducing reliance on external data storage.