The First Security Checks of Worldcoin Crypto Network Reveals Vulnerabilities
The recently launched crypto network, Worldcoin (WLD), has undergone its first round of security checks. Security advisory firms Nethermind and Least Authority identified several security issues with Worldcoin, and a significant number of these problems have now been resolved.
Worldcoin Crypto Conducts Initial Security Assessments
Worldcoin, along with its associated token WLD, recently launched its revolutionary network. The network utilizes a new and controversial system known as “proof-of-humanity.” This system requires users to provide proof of their identity before being allowed to participate in the crypto network. Worldcoin achieves this by scanning the user’s iris.
With the recent launch of Worldcoin, it was crucial to conduct a comprehensive analysis of the network. Despite extensive development, certain issues in the code sometimes only become apparent after the launch. In such cases, crypto consulting firms are often hired to identify and address these problems, and this time was no exception.
Learn more about the results of two separate security audits of the Worldcoin protocol, performed by Nethermind and Least Authority.https://t.co/fXa50wNBYE
- Advertisement -
— Worldcoin (@worldcoin) July 28, 2023
Nethermind uncovered 26 issues in Worldcoin’s code, of which 24 have been resolved. For the remaining two problems, one has been partially resolved, and work is ongoing for the other. Least Authority found three issues and provided six suggestions for system improvements. All of these issues have been addressed, and the solutions have been implemented.
Criticism of the ‘Proof-of-Humanity’ Crypto Design
Worldcoin’s ‘proof-of-humanity’ system stands out in the crypto industry, which is known for its emphasis on anonymity. As a result, it has faced substantial criticism. Users are required to scan their iris using a device called ‘the orb.’ The privacy laws surrounding this technology have raised concerns. However, founder Sam Altman assures the public that the device respects user privacy. The device scans the iris and converts it into a hash, which the user can utilize on the network. According to Altman, the scan is not stored and will not be transmitted to third parties.