Introduction to World ID 2.0
Worldcoin, a cryptocurrency gaining attention for its innovative approaches, has announced the release of World ID 2.0, a significant upgrade to its authentication system. The announcement, made on December 12, brings forth enhanced security measures with integrations into major platforms.
The highlight of World ID 2.0 is its integration with prominent platforms such as Shopify, Mercado Libre, Reddit, Minecraft, and Telegram. Users can now leverage World ID on these platforms, providing a seamless and secure verification process to prove their humanity.
Existing Integrations and Authentication Levels
In addition to the newly added platforms, World ID 2.0 continues to support existing integrations with Discord, Talent Protocol, and Okta’s Auth0. One of the key features of the update is the introduction of different security levels, allowing app developers to tailor authentication methods to their application’s needs, ranging from “lite” to “max.”
Customization for App Developers
App developers now have the flexibility to choose authentication levels based on the security requirements of their applications. For instance, applications focusing on high security may demand users to possess an orb-verified ID, while those emphasizing convenience may opt for a “Device Auth” World ID tied to the user’s mobile phone.
Reducing Losses from Bots
Worldcoin claims that the new features embedded in World ID 2.0 will play a crucial role in minimizing losses incurred by retailers due to issues like return fraud, bots, and coupon stacking. Citing a report from CNBC, Worldcoin asserts that retailers are losing a staggering $100 billion annually to such fraudulent activities.
Controversy Surrounding Worldcoin
Despite its advancements, Worldcoin has not been without controversy. The cryptocurrency has faced scrutiny, particularly for its highest-security level of authentication, involving iris scanning. Critics express concerns about potential leaks of biometric information. Worldcoin defends its practice by stating that it only stores the proof of the iris scan and not the scan itself, ensuring user privacy.