WORLDCOIN to $8 Next Target
Worldcoin is a cryptocurrency project that aims to create a universal basic income by distributing tokens to every person on Earth. It uses a novel iris scanning verification method to prevent fraud. While praised for its potential to reduce poverty and inequality, concerns have been raised about privacy implications.
Potential benefits of Worldcoin include reduced poverty through providing a regular income, increased equality by distributing tokens equally to all, financial inclusion for the unbanked, and economic growth stimulated by people having more money to spend.
However, risks associated with Worldcoin include privacy concerns over the iris scanning data, security vulnerabilities of a large-scale data system, and technical challenges of effectively and securely distributing tokens globally to every individual.
Worldcoin is a cryptocurrency project that aims to create a universal basic income by distributing tokens to every person on Earth. It uses a novel iris scanning verification method to prevent fraud. While praised for its potential to reduce poverty and inequality, concerns have been raised about privacy implications.
Potential benefits of Worldcoin include reduced poverty through providing a regular income, increased equality by distributing tokens equally to all, financial inclusion for the unbanked, and economic growth stimulated by people having more money to spend.
However, risks associated with Worldcoin include privacy concerns over the iris scanning data, security vulnerabilities of a large-scale data system, and technical challenges of effectively and securely distributing tokens globally to every individual.
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