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Cryptocurrency News Articles

Worldcoin Unveils Open-Source Platform for Orb Eye Scanners

Mar 22, 2024 at 07:58 pm

Worldcoin Foundation has open-sourced key components of its Orb technology, including the code for its iris scanners. This move aims to foster trust, transparency, and collaborative development, allowing anyone to examine the code and contribute to its advancement. Worldcoin's Orb scans users' irises to generate unique "fingerprints" (IrisCodes) that form the basis of WorldIDs. Despite concerns about privacy and security, Worldcoin emphasizes user privacy as a top priority and has undergone audits to maintain transparency.

Worldcoin Unveils Open-Source Platform for Orb Eye Scanners

Worldcoin Opens the Gates of its Orb Technology

Worldcoin Foundation, the steward behind the Orb technology, has announced the open-sourcing of key components of its platform. This move, intended to cultivate trust and foster collaboration, invites the scrutiny of its Orb eye scanners by the wider development community.

"Open sourcing fosters trust, transparency, and verifiability, while simultaneously empowering developer communities to propel technological advancements," stated a Worldcoin spokesperson. "This builds upon our previous open-sourcing initiatives, including the release of our iris code late last year and the hardware specifications nearly a year ago."

Worldcoin, an independent crypto project distinct from OpenAI, aims to establish a global identification standard that verifies "personhood" and combats bot activity. Led by OpenAI co-founder and CEO Sam Altman and Alex Blania, the project was launched in January 2023 under the banner of Tools for Humanity. Subsequently, in July, Worldcoin unveiled its WLD token on the Optimism mainnet.

The Orb's functionality revolves around scanning users' irises to generate a unique "fingerprint," known as the IrisCode, which is then stored on Worldcoin's blockchain. This scan serves as the foundation for the WorldID linked to each user.

Despite its innovative approach, Worldcoin has faced scrutiny over its eye-scanning technology, which offers its WLD token in exchange for users allowing the company to scan their biometric data. Security concerns have also been raised, as highlighted by Ethereum co-founder Vitalik Buterin in a post.

"If even one Orb manufacturer is malicious or compromised, it can generate an unlimited number of fake iris scan hashes and assign them World IDs," Buterin cautioned.

The foundation has emphasized that user privacy remains a paramount concern.

"Privacy and security have been our guiding principles in developing the Orb," Worldcoin stated in its announcement. "Additional audits are underway, and combined with open sourcing, these initiatives reflect our commitment to maintaining the highest levels of transparency in privacy and security."

In February, blockchain-based esports platform Community Gaming announced its intention to utilize Worldcoin's WorldID to combat cheating. However, Community Gaming clarified that the Worldcoin Orb is not required for its WorldID integration.

Following the Orb news, Worldcoin's WLD cryptocurrency experienced a surge of nearly 4% to $8.40, amidst broader market volatility that has resulted in fluctuations of up to 10% within the past 24 hours.

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Other articles published on Oct 30, 2024