Summary
TLDR: Worldcoin Foundation, behind Orb technology, is open-sourcing core components to foster trust and collaboration. The Orb scans irises for unique fingerprints stored on the blockchain for a WorldID. Concerns over security and privacy have been raised, but the foundation prioritizes user privacy. The WLD token has seen a 4% increase in value following the news.
Key Points
1. Worldcoin Foundation is open-sourcing core components of its Orb technology, allowing anyone to examine the code for its Orb eye scanners.
2. Worldcoin’s Orb scans the irises of users to provide a unique “fingerprint,” the IrisCode, which is stored on Worldcoin’s blockchain and forms the basis of a WorldID linked to the user.
3. Security and privacy are top priorities for Worldcoin, with ongoing audits and open-sourcing efforts to maintain transparency around privacy and security.