Demex Daily #264: World Chain Launches, Prioritizing Real Users on Ethereum Layer-2

What’s Interesting Today:

World Chain is now live, inviting all 15 million World ID holders and World App users to migrate to its Ethereum layer-2 network designed to prioritize human users. Supported by major blockchain service providers like Optimism, Uniswap, and Alchemy, World Chain integrates World ID for anonymous verification and focuses on enhancing financial access for users, particularly in regions where stablecoins are gaining traction. The network aims to foster real-world applications, offering developers access to a large user base and promoting innovative use cases. With a commitment to scaling and low transaction costs, World Chain seeks to create a blockchain economy that benefits real people and encourages utility in their everyday lives.

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Vitalik Buterin shared his vision for Ethereum’s future in the “The Surge” roadmap, aiming to enhance the blockchain’s capacity to over 100,000 transactions per second (TPS) through layer-2 solutions while maintaining decentralization and security. The plan focuses on merging sharding with layer-2 protocols, with rollups handling most transactions off-chain for greater efficiency. Buterin emphasized balancing decentralization, scalability, and security while ensuring layer-2 solutions align with Ethereum’s core values. He noted advancements like EIP-4844 data blobs and mentioned that the upcoming Pectra upgrade, set for early 2025, will further improve scalability and staking rewards.

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