Share This Paper. Background Citations. Methods Citations. Results Citations. Figures and Topics from this paper. Citation Type. Has PDF. Publication Type. More Filters. View 1 excerpt, cites methods. Then the founders suddenly vanish with all the cash. The key — as per crypto evangelists — is to build trust, get more people on board, and develop use case scenarios where people can use cryptocurrencies for day-to-day tasks without much friction.
Worldcoin says its Orb scans the iris and converts it into short numeric code to sign up new users who get a share of its crypto-token in exchange. The orb relies on neural networks to capture high-resolution iris scans. Even though it is currently being used in a prototype form, the company aims to produce over 50, units per year of the finished product.
Gian M. Volpicelli is a senior writer at WIRED, where he covers cryptocurrency, decentralization, politics, and technology regulation. He lives in London. Senior Writer Twitter. Topics cryptocurrency Blockchain bitcoin. Sam Altman, a former president of the Y Combinator start-up accelerator, is also an investor and cofounder of the project.
Altman has been a vocal proponent of universal basic income, the concept of providing people with free money on a regular basis. People who sign up for Worldcoin will receive their full allotment of tokens over time through a pre-planned vesting schedule, which Blania said was still in development.
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