Wormhole Integrates World ID on Solana With New Grant
Wormhole has obtained a grant from the Worldcoin Foundation to bring the World ID onto the Solana blockchain. This integration seeks to improve user identification procedures in the blockchain networks through the use of Worldcoin’s decentralized identity solution.
Wormhole Integrates World ID on Solana
Wormhole, which enables the transfer of data and assets between different blockchains, will integrate Worldcoin’s World ID into the Solana ecosystem. This partnership will allow thousands of developers to integrate World ID to verify user identity within the Solana ecosystem.
In the recent announcement made by the Worldcoin Foundation, this integration will use the Ethereum to Solana State Bridge Service in order to make sure that the verification functions of the World ID are enabled on the Solana blockchain without having to compromise on the security and performance.
@Worldcoin World ID is coming to @Solana.
Powered by @Wormhole.
— Wormhole (@wormhole) June 27, 2024
This is expected to enhance the process of verification of identities since it will be easier and more secure across various blockchains. This integration involves the use of Wormhole to broadcast World ID state roots from Ethereum to Solana whereby through a smart contract, a dedicated contract on Solana will validate and store these roots to enable Solana based applications to verify people’s identity easily.
Technical Details and Prospects
The technical aspect of this integration, therefore, includes the following features that make it efficient and secure. The SolanaWorldIDProgram, a new smart contract on Solana, will play a significant role in checking and storing the World ID state roots.
Also, Wormhole Queries will be used to verify inclusion proofs, which will be a secure way of getting data from other chains until Solana’s bn254 syscall is introduced.
This integration improves the security & interoperability of digital identity verification & offers opportunities for application developers to build new applications for authentication of human identity. Thus, with the help of the Worldcoin Foundation, Wormhole plans to establish a new level of privacy-centric inter-chain identity verification.
Worldcoin Adopts Enhanced Privacy Measures
Worldcoin, as a response to the growing concerns from the international regulatory authorities, has introduced the set of privacy measures that provide users with more control over their data and at the same time does not compromise the integrity of the network.
Some of the features that are present include the Personal Custody and the Unverify World ID that uses ZKPs for secure and private transactions. This strategic upgrade is a preemptive action to mitigate privacy issues, thus, emphasizing Worldcoin’s commitment to users’ privacy, and privacy-preserving technologies.
In addition, to strengthen its infrastructure, Worldcoin has entered into a strategic collaboration with Alchemy for the development of its World Chain project. This partnership allows Worldcoin to leverage on Alchemy’s well-developed technical platform and a range of tools for developers to support the World Chain project’s expansion and growth.
Meanwhile, after the announcement, the Worldcoin (WLD) price recovered, soaring to an intra-day high of $2.83 before facing resistance. At press time, WLD was trading at $2.79, a 1.13% surge from the support level.
Concurrently, Solana (SOL) has experienced a bullish surge, with the price exchanging hands at $148.07, a 9.11% rally. This rally, however, is not only attributed to the World ID integration but also the VanEck application of a Solana ETF.
Read Also: WLD Price Soars As Sam Altman’s Worldcoin Plans To Enter Ecuador, Here’s All
The post Wormhole Integrates World ID on Solana With New Grant appeared first on CoinGape.
Filed under: News - @ June 27, 2024 6:23 pm