The Worldcoin Foundation has unveiled an open-source system on GitHub to enhance the security of sensitive information.<\/p>\n
This new system, designed to set a new standard in data security, particularly for biometric data, has prompted the foundation to delete previously collected iris codes.<\/p>\n
The foundation’s latest security system is based on secure multi-party computation (SMPC), a cryptographic technique that spreads a single secret across multiple parties to enhance data security.<\/p>\n
By not storing complete data sets in one location, this method reduces the risk of data breaches and strengthens information security.<\/p>\n
In collaboration with TACEO and Tools for Humanity, the Worldcoin Foundation has developed an improved implementation of SMPC to address scalability and cost-related challenges.<\/p>\n
As biometric data sharing becomes more widespread, protecting user data from potential threats is critical, highlighting the importance of this new system.<\/p>\n
Prior to this development, Worldcoin faced scrutiny for its data collection practices from regulatory bodies worldwide, making the foundation’s move to enhance privacy measures significant.<\/p>\n
Ethereum co-founder Vitalik Buterin has commended Worldcoin for its efforts to improve user privacy and surpass traditional authentication solutions.<\/p>\n
Worldcoin is gearing up for the launch of World Chain, an Ethereum layer-2 blockchain set to debut in mid-2024, aimed at transforming human authentication by integrating with the Worldcoin protocol.<\/p>\n
With over 5 million registered users from 160 countries and 49 million transactions through verified wallets, the upcoming World Chain aims to boost scalability and support the project’s growing ecosystem.<\/p>\n
The Worldcoin team is also working on increasing the L2 block gas limit securely to address challenges posed by automated transactions and ensure network efficiency.<\/p>\n
<\/p>\n
Featured image from The Block, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"
The Worldcoin Foundation has unveiled an open-source system on GitHub to enhance the security of sensitive information. This new system, designed to set a new standard in data security, particularly for biometric data, has prompted the foundation to delete previously collected iris codes. Improving User Privacy with Secure Multi-Party Computation The foundation’s latest security system […]<\/p>\n","protected":false},"author":1,"featured_media":11774,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Worldcoin Boosts Security with New Data Protection System - Bitrabo","description":"The Worldcoin Foundation has unveiled an open-source system on GitHub to enhance the security of sensitive information. This new system, designed to set a new s"},"footnotes":""},"categories":[316],"tags":[4154,4155,4153,626,4156,4152,558,650,775,4151],"class_list":["post-11773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-codes","tag-deleted","tag-iris","tag-major","tag-part","tag-pivot","tag-privacy","tag-security","tag-upgrade","tag-worldcoins"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=11773"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/11773\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/11774"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=11773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=11773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=11773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}