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Worldcoin is a cryptocurrency project with an ambitious goal to distribute a share of their cryptocurrency, Worldcoin, to as many people as possible around the world. The fundamental idea behind Worldcoin is to create a new, global digital currency that would be owned and used by people everywhere, democratizing access to financial resources.
The project's approach is unique in that it involves the use of biometric data to ensure that each person receives their share only once. This is done through a device called an "Orb," which scans a person's iris to create a unique hash. This hash is then used to verify individual identity without storing personal biometric data, aiming to address privacy concerns.
The goal is to give Worldcoin tokens to every individual who signs up, providing an incentive for people to participate and potentially kickstarting widespread adoption of the currency. By doing so, the creators of Worldcoin hope to foster a more inclusive global economy.
However, this concept has raised various concerns, including privacy issues related to biometric data collection, the feasibility of the project at a global scale, and the implications of such a widespread distribution of a new cryptocurrency.
Worldcoin's vision is to combine the principles of universal basic income with the technological innovations of cryptocurrency, aiming to reshape the global economy.