{"id":13575,"date":"2023-07-31T10:23:09","date_gmt":"2023-07-31T04:53:09","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=13575"},"modified":"2025-04-02T05:30:25","modified_gmt":"2025-04-02T00:00:25","slug":"worldcoin-project","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/worldcoin-project\/","title":{"rendered":"Worldcoin Project"},"content":{"rendered":"<h2><strong>About Worldcoin Project:\u00a0<\/strong><\/h2>\n<p>&nbsp;<\/p>\n<ul>\n<li>It is an initiative to <strong>create a digital network<\/strong> in which <strong>everyone can<\/strong> <strong>claim<\/strong> some kind of stake, and join the digital economy.<\/li>\n<li>This venture runs on a simple model: allow <strong>your eyes to be scanned<\/strong> in order to prove your human uniqueness, and <strong>receive some crypto and an ID<\/strong> (called a World ID) in exchange.<\/li>\n<li>Using a <strong>device called \u201cOrb,\u201d<\/strong> Worldcoin volunteers known as \u2018Orb operators\u2019 scan a person\u2019s iris pattern to collect their biometric data and help them get a World ID through the World app.<\/li>\n<li>With the app, scanned participants can collect a cryptocurrency called Worldcoin [WLD] at <strong>regular intervals or make transactions<\/strong> with their World ID where possible.<\/li>\n<li>This process is called \u201c<strong>proof of personhood\u201d<\/strong> and makes sure that people do not sign themselves up multiple times in exchange for crypto.<\/li>\n<li>Worldcoin claims it is building the \u201cworld\u2019s largest identity and financial public network\u201d open to people worldwide.<\/li>\n<li>Worldcoin lists 18 locations \u2014 <strong>largely in Delhi, Noida, and Bangalore<\/strong> \u2014 where Orb operators are scanning people\u2019s eyes.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1)\u00a0 What is Cryptocurrency?<\/h3>\n<p>Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of a central authority, such as a government or financial institution. These digital currencies use blockchain technology, which is a distributed and decentralized ledger to record transactions securely.<\/p>\n<p><strong>Source:\u00a0<\/strong><a href=\"https:\/\/www.thehindu.com\/sci-tech\/technology\/worldcoin-what-is-sam-altman-biometric-project-how-does-it-work-in-india\/article67134353.ece\" target=\"_blank\" rel=\"nofollow noopener\"><u>Worldcoin | What is Sam Altman\u2019s biometric project, and how does it work in India?<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Worldcoin Project is an initiative to create a digital network in which everyone can claim some kind of stake, and join the digital economy.<\/p>\n","protected":false},"author":5,"featured_media":13576,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-13575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/13575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=13575"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/13575\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/13576"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=13575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=13575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=13575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}