All about News and updates

Crypto News

Ethereum’s Vitalik Buterin praises Worldcoin’s data privacy focus amid regulatory scrutiny ⋅ Crypto World Echo

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.

Leave a Reply

Your email address will not be published. Required fields are marked *