Worldcoin Launches SMPC Erasing Iris Codes: WLD Price Surges 6%

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Worldcoin's (WLD) price surged by 6% following the introduction of a state-of-the-art Secure Multi-Party Computation (SMPC) system, developed in collaboration with TACEO. This technology ensures enhanced privacy and security for users' biometric data. The Worldcoin Foundation and TACEO have made significant strides in biometric template protection, leveraging advanced cryptographic research and implementation. The system for encrypting iris codes involves dividing each code into multiple secret shares, which are then distributed among various parties. This method enhances the security of biometric data and upholds user privacy. The entire process and technical details have been made open source and accessible in a GitHub repository, promoting transparency and innovation within the community.

Worldcoin (WLD) has achieved a new benchmark in privacy protection for biometric data through its latest SMPC system. The successful migration of iris codes to this advanced system has allowed Worldcoin (WLD) to securely delete its previous uniqueness-checking system, including all old iris codes. This transition underscores the platform's dedication to privacy and user data security.

The market has shown a positive response, with the price of Worldcoin (WLD) rising to $5.62, reflecting a 5.8% increase within the last hour. With a circulating supply of 210 million WLD, Worldcoin's market cap now stands at $1.07 Billion which is poised for further gains.