Ethereum’s Vitalik Buterin praises Worldcoin’s data privacy focus amid regulatory scrutiny

Share This Post

Ethereum co-founder Vitalik Buterin has praised Worldcoin’s effort to enhance data privacy amid recent global regulatory challenges.

In a March 29 post on social media platform X, Buterin acknowledged Worldcoin’s commitment to addressing privacy concerns by significantly reducing the data required in its system.

According to him:

“[Worldcoin] actually has been doing quite a good job of taking the privacy critiques seriously and designing their system to be more and more data-minimal. Modern cryptography is truly amazing.”

Notably, Buterin was one of the earliest critics of the project when it launched last year. At the time, the Ethereum co-founder identified several flaws with the project’s design, including the risk of data leaks and the collection of sensitive information such as gender, ethnicity, and health conditions.

Since then, the Sam Altman-related project has faced several privacy-related controversies in various jurisdictions. Recently, regulatory authorities in Portugal and Spain imposed a temporary ban on Worldcoin’s data collection activities for three months due to concerns over inadequate disclosure and unauthorized data collection from minors.

Worldcoin’s transparency and security

Alex Blania, Worldcoin’s co-founder, revealed that the crypto project has made significant strides in the transparency and security of its technology.

Blania, in a March 28 post on X, detailed how the firm has made its ORB technology’s core software components open-source while introducing new features that give people control over how their data is used.

He added:

“Additional steps have been taken to ensure only individuals over the age of 18 are able to verify at an Orb. This includes redundant age confirmations in the app, verbal confirmation from Operators, and signage at locations. More technical solutions will follow.”

Additionally, Blania pointed out Worldcoin’s commitment to collaborating with regulators to drive advancements across its operations. He remarked:

“Worldcoin is already the most private, open, and secure system of its kind and has never been more important.”

These developments have translated into an increasing user base for the project, as nearly 5 million people across 120 countries have registered on its platform.

The post Ethereum’s Vitalik Buterin praises Worldcoin’s data privacy focus amid regulatory scrutiny appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

CoinShares Seeks Approval For Spot Litecoin And XRP ETF In Latest Market Move

In a notable change in the crypto regulatory environment, asset managers are regaining confidence in their pursuit of ETFs Significantly, CoinShares submitted applications for a spot XRP ETF and a

XRP Forms A Bullish Pattern In 4-Hour Chart – Analyst Expects $4.20 After Breakout

XRP is currently at a critical juncture, trading at a key level after breaking its all-time high just eight days ago Despite the market’s inherent volatility, price action remains robust, fueling

Thorchain Faces Insolvency, Halts Redemptions

Node operators voted to temporarily suspend redemptions for the platform’s decentralized finance (defi) offerings, but core developers claim it’s business as usual for all other aspects of the

Grayscale Moves To Launch Spot Litecoin And Solana ETF – Details

Grayscale Investments has filed for a Solana ETF with the New York Stock Exchange (NYSE), reflecting a growing wave of pro-crypto regulations under President Donald Trump  Proposed Solana ETF By

BlackRock files for ETF rule change to enable in-kind Bitcoin redemptions

Nasdaq has filed an amended rule proposal seeking to introduce in-kind redemptions for BlackRock’s iShares Bitcoin ETF (IBIT), according to a Jan 24 regulatory filing The adjustment would allow

Lido DAO (LDO) Price Prediction for January 25

The post Lido DAO (LDO) Price Prediction for January 25 appeared first on Coinpedia Fintech News Lido DAO’s native token, LDO, has captured the attention of crypto enthusiasts following a