Ethereum co-founder Vitalik Buterin praised Worldcoin for taking privacy criticisms seriously to improve the system. He also spoke highly of the technological advances in modern cryptography. Worldcoin faces regulatory scrutiny in many countries around the world. However, despite this lately, the WLD price has been gaining momentum.
Praise for Worldcoin from the inventor of Ethereum!
cryptokoin.comAs you follow from , Sam Altman’s crypto project Worldcoin is at the center of discussions. It is under scrutiny from regulators around the world, particularly in Europe, due to data privacy concerns. Despite this, Worldcoin continues to receive support from the crypto community. In a recent development, he also received support from the important name of the crypto world, Vitalik Buterin.
Vitalik Buterin responded to a post about Worldcoin’s latest setback in Portugal. In his response, the Ethereum inventor praised Worldcoin for taking privacy criticisms seriously and improving the system to include less data. Buterin said Worldcoin has done a pretty good job of introducing system design changes in response to privacy criticisms. He also spoke highly of the technological advances in modern cryptography. In this context, Vitalik Buterin said:
IMO they’re doing a pretty good job of taking privacy criticisms seriously and designing their systems to be increasingly data-minimal. Modern cryptography is truly incredible.
Buterin’s previous thoughts on Worldcoin
In July last year, Vitalik Buterin shared his views on Worldcoin’s biometric authentication mechanism. He argued that Worldcoin’s authentication system raises privacy and security concerns. He also noted that it requires constant development to improve the system. System designs to improve privacy concerns could take years, Buterin said. But he noted that Worldcoin’s poor design, privacy and security concerns around Orb, and some of the company’s business decisions are some things to consider.
WLD price performance
Woldcoin is experiencing problems due to data privacy concerns in Portugal, Spain, South Korea, Kenya and many other countries. Despite this, the price of Woldcoin’s native token, WLD, has continued to rise recently. WLD increased its price by more than 10% in March. He increased his earnings this year to 400%. In fact, WLD reached an all-time high of $11.82 on March 10. Meanwhile, there is currently upward momentum amidst AI-related developments. However, praise from Ethereum inventor Vitalik Buterin did not make an impact on the price. WLD price saw a decrease of 2.63% in the last 24 hours. The token was trading at $8.35 at the time of writing. Additionally, trading volume dropped nearly 40% over the same time period.
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