What is Worldcoin?

Worldcoin is a second generation digital currency secured by cryptography. As a descendant of Bitcoin it shares many similarities but is more advanced and business friendly. Our major goal is to become the cryptocurrency of choice for merchants and consumers during their everyday transactions, whether it be a cup of coffee or bigger ticket items. Worldcoins’ speed and security makes all of this possible. Transactions are fully confirmed in about 60 seconds. Transfer money to your friends and family instantly with just a few clicks. Worldcoin is also based on sound money principals which makes it the smart choice for wealth preservation. It is designed to appreciate in value over time, unlike paper currency. This is due to the fact that only 265 million coins will ever be produced. These advantages are what makes us the leading choice for users.

WorldCoin can be used anywhere around the world. You may buy or sell WorldCoins by using your choice of several different online exchanges or physical WorldCoin ATM machines. Sending and receiving payments is as simple as using email. Funds will be transferred over the internet within a few seconds to anywhere in the world. Funds are transferred directly between the users without using third party institutions, such as banks or other financial organizations. For this reason, the transaction fees are only a fraction compared to other payment options.

When you are sending payments by WorldCoin, you can decide how much information you want to reveal about yourself. This makes using it more secure against identity theft compared to traditional payment methods. WorldCoin Business Center is all-in-one solution that gives you full control over your digital wealth and helps you to keep your finances organized.

Specifications

Abbreviation WDC
Model Decentralized
Block Time  30 seconds
Confirmations  2
Difficulty Retarget  About 1 hour (120 blocks)
Block Reward  64 coins, reduced 1% every week (20,160 blocks)
Coins  265,420,800
Protocol Scrypt

Fastest

Worldcoin is designed to be the digital currency of the future. Blazing fast speeds make Worldcoin the best way to pay for everyday transactions. Your transaction will be fully confirmed in about 60 seconds or less. This makes WorldCoin an ideal payment option also for over-the-counter payments. You may also transfer money to your friends and family anywhere in the world instantly, with just a few clicks.

Secure

Transactions are processed securely through blockchain network and stored on transparent public ledger that cannot be tampered. Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending Worldcoins. This provides protection from wallet malware. The Worldcoin servers are protected by modern DDoS attack protection system to prevent disruptions and network attacks.

Open Source

Worldcoin is a free software project released under the MIT/X11 license. Which gives you the power to run, modify, copy, and to freely distribute the software at your discretion. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code. Addon modules will not be open source for the protection of our users. Users can activate trusted addons or choose to disable them upon setup.

Mining

WorldCoins are generated by individual miners. Miners are currently awarded with 50 new Worldcoins per block, an amount which gets reduced 1% each week. More miners means a more secure network for transactions. If you interested in mining WorldCoin, please read more here.

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Blockchain

The Worldcoin The Worldcoin blockchain is capable of handling higher transaction volume than its counterparts Litecoin or Bitcoin. Due to more frequent block generation (30 sec), the network supports more transactions without a need to modify the software in the future. As a result, merchants get extremely fast confirmation times, this will reduce the waiting time as transactions will be fully confirmed usually within less than one minute.

You may view the public WorldCoin transaction ledger here at wdcexplorer.com.

Better World Project

Worldcoin community is one of the most progressive community in existence, not only are the members innovative, they are also kind and caring.

We started the Better World Project, as one of our official themes, and as an ongoing effort to continue to look for people needing help in the world, and reaching out to them. All participation is voluntary. Recently, we managed to help a large village in Kenya to access their underground water, you can read about it here

We will be taking part in more important projects in the near future. Our plan is to provide direct access to funding projects easier and faster but it isn’t possible until after our development phase. Worldcoin is not only the fastest coin, we are also: The coin that gives something back to the World. Make the world a better place and join our growing community here at WorldCoin forum. Basic membership is of course free of charge and does not obligate you to contribute any charity donations.

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