Ethereum Inventor Praises That Altcoin at the Focus of Controversy!

Ethereum co-founder Vitalik Buterin praised Worldcoin for taking privacy criticism seriously in order to improve the system. He also praised the technological advances in modern cryptography. Worldcoin is facing regulatory scrutiny in many countries around the world. However, despite this recently, the WLD price has been gaining momentum.

Praise for Worldcoin from the inventor of Ethereum!

As you can see from Kriptokoin.com**, Sam Altman's crypto project Worldcoin has been at the center of controversy. It is under scrutiny from regulators around the world, especially in Europe, due to data privacy concerns. Despite this, Worldcoin continues to receive support from the crypto community. In a recent development, it also received support from Vitalik Buterin, a prominent name in the crypto world.

Vitalik Buterin has responded to a post about Worldcoin's recent 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 criticism. He also praised the technological advances in modern cryptography. In this context, Vitalik Buterin said:

IMO is doing a pretty good job of taking privacy criticisms seriously and designing their systems to be increasingly data-minimal. Modern cryptography is truly incredible.

IMO they actually have been doing quite a good job of taking the privacy critiques seriously and designing their to be more and more data-minimal. Modern cryptography is truly amazing.

— vitalik.eth (@VitalikButerin) March 29, 2024

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 identity verification system raises concerns about privacy and security. He also noted that continuous development is required to improve the system. Buterin said it could take years to design systems to improve privacy concerns. However, he noted that Worldcoin's poor design, privacy and security concerns around the Orb, and some of the company's business decisions are some things to consider.

WLD price performance

Woldcoin has been experiencing issues in Portugal, Spain, South Korea, Kenya, and many other countries due to data privacy concerns. Despite this, the price of Woldcoin's native token, WLD, has continued to rise recently. WLD recorded a more than 10% increase in its price in March. It increased its earnings to 400% this year. In fact, WLD reached an all-time high of $11.82 on March 10. Meanwhile, there is currently upward momentum amid AI-related developments. However, the praise of Ethereum inventor Vitalik Buterin did not make an impact on the price. The price of WLD has seen a decrease of 2.63% in the last 24 hours. The token was trading at $8.35 at the time of writing. In addition, trading volume has dropped by about 40% in the same time frame.

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