Sam Altman’s iris biometric-based crypto project worldcoin, is under scrutiny from regulators and governments around the world, particularly in Europe, due to data privacy concerns. Although the reviews increased, the project managed to gain support from Ethereum co-founder Vitalik Buterin.
Ethereum Creator Vitalik Buterin Praises Worldcoin Project
In an X post on March 29, Ethereum co-founder Vitalik Buterin praised Worldcoin for taking privacy criticisms seriously and improving the system to include less data. As we reported as Koinfinans.com, it was noteworthy that this support came while the project was struggling with legal problems in Portugal.
Vitalik Buterin said he believes Worldcoin has done a pretty good job of introducing system design changes in response to privacy criticisms. He also praises technological advances in modern cryptography.
“I think they’re doing a pretty good job of taking privacy criticisms seriously and designing their systems to include less and less data. “Modern cryptography is truly powerful and incredible.”
In July last year, Vitalik Buterin shared his views on Worldcoin’s biometric authentication mechanism. He claimed that Worldcoin’s authentication system raises privacy and security concerns and requires ongoing development to improve the system.
System designs to improve privacy concerns could take years, Buterin said, but the WLD coin’s poor design, privacy and security concerns around Orb, and some of the company’s business decisions are some things to consider.
The price of Woldcoin continues to rise despite being plagued with issues due to data privacy concerns in many countries such as Portugal, Spain, South Korea, Kenya and others.
WLD has gained 400% this year, with a more than 10% increase in price in March. On the other hand, WLD price attracted attention by reaching an all-time high of $11.82 on March 10. Since then, the price has been trading in a descending channel and traders are waiting for a break above the channel. There is currently upward momentum amidst AI-related developments.
