Buterin applauds Worldcoin for its conscious efforts to modify its products amid continuous privacy criticism.
Ethereum founder Vitalik Buterin believes that the crypto project Worldcoin is “doing quite a good job” as it adjusts its products and services to align with the concerns of users and government authorities over its data collection practice. This comment follows a lineup of features focused on transparency that Worldcoin rolled out over recent weeks.
IMO they actually have been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more data-minimal. Modern cryptography is truly amazing.
— vitalik.eth (@VitalikButerin) March 29, 2024
Worldcoin Bolsters Transparency
Worldcoin offers its flagship product called the Orb. It is an iris-scanning device that allows humans to differentiate themselves from artificial intelligence (AI) models. Humans verify their identities by scanning their eyeballs via the Orb. Users can also store personal details on the blockchain via the branded eye-scanning technology.
The project’s data collection practice has sparked mixed emotions among several users. Although some users embrace the technology, others have a hostile view of the project’s mission. Several governments question what Worldcoin does with users’ data after submission. A few have outrightly banned the Orb’s adoption within their jurisdiction.
To tackle its privacy criticism, Worldcoin has launched a cohort of features within the first quarter of this year. Worldcoin co-founder Alex Blania listed most of them in a tweet thread. They include the open-sourcing of the Orb software, the introduction of a new bounty program to bolster the network’s integrity, and additional steps to ensure only individuals above 18 can verify at an Orb.
Last week, Worldcoin deployed a new implementation that puts users in charge of their data. With Orb data now being self-custodial, users can decide to retain or delete their data from the network at any time. Notably, the project saw more users onboard its platform within 24 hours of this announcement.
Blania added that Worldcoin has employed two independent firms, Trail of Bits and Reilabs, to regularly perform privacy and security audits.
These newly rolled-out features are likely the driving force behind Buterin’s comment, where he stated that Worldcoin is “taking the privacy critiques seriously and designing their system to be more and more data-minimal.”
WLD Trades at $8.3
Meanwhile, the woes rained down on Worldcoin has had minimal effect on its native currency, WLD. The token’s current price sits at $8.3, a 2.7% decrease in the last 24 hours and a 4.1% increase over the past week.
