Technology is the driving force for all that is in the world, and it is not something that can be stopped. For crypto, all the innovations so far have aided the financial sector exponentially. The recent creation of the “Proof of Personhood” is all people can talk about in cryptocurrency news today.
Worldcoin has emerged at the forefront of human technological location. Ethereum’s co-founder, Vitalik Buterin, spoke on Twitter about the implication of security and how the “Proof of Personhood” could be the right step forward in ensuring the integrity of finance, but what is it all about? That question will be answered in this article.
We also take a closer look into DogeMiyagi (MIYAGI) and how the project can benefit from adopting the new technology, and how by doing so, it can make strides in the Ethereum blockchain. These projects are reshaping the blockchain landscape and giving rise to groundbreaking technologies that promise to redefine the industry. The financial security factor just got a whole lot better.
Worldcoin’s Proof of Personhood and Its Implications
What is ‘Proof of Personhood’?
Sam Altman, the renowned American tech magnate and CEO of OpenAI, unveiled a new cryptocurrency project known as Worldcoin. At the core of the Worldcoin project, there’s a concept called ‘World ID’ which serves as a kind of “digital passport.” Its purpose is to confirm that the holder is a genuine human, not an AI bot.
Getting a World ID involves undergoing an in-person iris scan using a unique device called the ‘orb,’ which looks like a silver ball. This device does the iris scan to verify the person’s human identity and then generates their exclusive World ID. During the launch, around 143 million Worldcoins were released. Out of these, 100 million were given to market makers as a loan, while the remainder was distributed to investors who had confirmed their identity using the Orb technology. The ‘World ID’ introduction is set to give Worldcoin holders a way to prove their identity in the crypto market. According to reports, Worldcoin’s total supply is capped at 10 billion tokens.
Ethereum Co-founder Weighing In
In cryptocurrency news today, Vitalik Buterin, one of the co-founders of Ethereum, recently delved into the intricacies of Worldcoin’s ‘proof of personhood’ blockchain protocols. Buterin took to Twitter to share his thoughts, outlining some significant risks associated with Worldcoin’s approach to ‘proof of personhood.’ He pointed out that if someone scans your iris, they could cross-reference it with the database to see if you have a World ID, and this process could reveal more sensitive information. Edward Snowden, President of the Freedom of the Press Foundation and a well-known whistleblower, also joined the critique. He criticized Worldcoin for effectively storing a global database of people’s iris scans and not fully considering the potential consequences of such an approach.
DogeMiyagi: Paving the Way for a Resilient Ecosystem
Security is a massive part of any new individual that joins the crypto ecosystem. For DogeMiyagi, this goes without saying. From the start, DogeMiyagi has leveraged the Ethereum blockchain for all the security that it provides. Their features like ‘Proof-of-Stake,’ their immutable ledger, and the smart contract securities make the platform more exciting to build on.
DogeMiyagi also has an extensive library of NFTs and other exclusives. Since they are in the presale stage right now, this makes them an excellent candidate to invest in securely. DogeMiyagi’s choice of the Ethereum blockchain underscores its commitment to reliability, popularity, and environmental sustainability.
The main idea behind DogeMiyagi is to bring like-minded people together and build a world where everyone profits from their success. Therefore, the 4th stage of the presale for DogeMiyagi is something any novice or veteran investor should look into. DogeMiyagi combines martial arts philosophy and meme culture to create an ecosystem driven by quality and resilience. If you want to be a part of something bigger, join the presale and let the money rain in.
To learn more about DogeMiyagi (MIYAGI):
Website: https://dogemiyagi.com
Twitter: https://twitter.com/Dogemiyagi
Telegram: https://t.me/dogemiyagi