Crypto Mufasa
Advertise
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
  • Login
  • Register
  • Crypto News
    • General News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
  • NFT NEWS
  • Beginner Guides
  • Price Predictions
  • Crypto Prices
No Result
View All Result
Crypto Mufasa
No Result
View All Result
Home Bitcoin News

Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

Hania by Hania
September 4, 2023
in Bitcoin News
Reading Time: 4 mins read
A A
0
Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study
Share on FacebookShare on Twitter
ADVERTISEMENT

Table Of Content:

  • BTC The Key Leader In The Decentralized Finance (DeFi) World
  • The Features Of BTC
  • How BTC Operates
  • What Is Worldcoin (WLD)?
  • The Features Of WLD
  • How Does WLD Operate?
  • BTC Price Prediction
  • WLD Price Prediction
  • How To Buy BTC And WLD On CoinDCX

The cryptocurrency community has recently welcomed Worldcoin (WLD) into the financial space. Sam Altman, the founder of ChatGPT, was the one who introduced the token. Satoshi Nakamoto is the one said to have introduced Bitcoin (BTC) as the first-ever cryptocurrency in the market.

BTC: The Key Leader In The Decentralized Finance (DeFi) World

Satoshi Nakamoto created the BTC token in 2009 and this led to the creation of the decentralized digital currency. BTC allows peer-to-peer transactions (P2P) to take place without the need for a third party. The supply of the token is 21 million tokens. The value of the token has been met with resistance lately but its adoption continues to grow daily.

Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

The Features Of BTC

Bitcoin Price Chart
source: CoinStats

BTC has key features which make it a key component of the DeFi world. Experts say that it has ushered in a whole lot of possibilities. Let us take a look at some of the features that the token is thriving :

You May AlsoLike

Mixin Network Falls Victim to $200 Million Security Breach

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
  1. Decentralization: BTC enables peer-to-peer transactions to take place without the need for an intermediary. The transactions are validated by computer nodes. No permission is required to perform the transactions.
  2. The use of blockchain Technology: The transactions are recorded on a blockchain which cannot be tampered with easily.
  3. Rarity due to limited supply: The BTC supply is at 21 million tokens and the reduced number protects it from inflation.
  4. Anonymity: The names of the parties involved in the transactions are not recorded. Privacy is provided.
  5. Worldwide accessibility: Anyone having an internet connection can get access to BTC.
  6. High security: Bitcoin makes use of private and public keys to protect the ownership and authorize transactions.
  7. High divisibility: The BTC token is divisible and can reach up to 8 decimal places allowing microtransactions and convenience in using smaller units to take place.
  8. High volatility: BTC has high volatility and the value of the tokens can easily fall.
  9. High global interest: BTC has attracted a lot of attention from worldly investors.
  10.  Source of innovation ideas for other blockchains: The technology behind Bitcoin has influenced the growth and development of other tokens.

How BTC Operates

  1. It relies on blockchain technology to perform well.
  2. The investors generate transaction messages that include the recipient’s address, the amount to be transferred, and the digital signatures.
  3. The nodes validate the transactions ensuring no discrepancies are recorded.
  4. The miners challenge each other as they try to solve complex math puzzles to add validated transactions to blocks.
  5. The correct solutions are then shared by the miners and verified by the nodes through a consensus.
  6. The blocks form a chain and all the transactions are recorded systematically.
  7. The miners get new BTC and compensation for protecting the network.
  8. The users store the BTC in digital wallets with private keys for transactions and easy access.

What Is Worldcoin (WLD)?

Sam Altman and Alex Bania are the co-founders of WLD. The token has run into challenges such as investigators from countries like Kenya seeking to find out why it uses biometric data.

The Features Of WLD

Worldcoin price chart
source: CoinStats

The World ID can differentiate human identity from artificial intelligence (AI). The major constituents include:

  1. A well-defined digital identity.
  2. Worldcoin tokens that make up the global currency.
  3. An app that carries out transactions involving crypto and traditional assets.

How Does WLD Operate?

The proof-of-personhood is what the token relies on to perform its functions. The Orb, a device that was created to scan people’s eyes, introduced this mechanism. It has a silver sphere that scans the person’s iris and a world ID for the individual is created.

The Orb scans the retina of each person for biometric authentication purposes. Everybody can participate in the scanning as there are no limitations. The expansion is expected to take place across more than 35 countries.

BTC Price Prediction

The price of the token has been observed to fall in the previous week. The value may reach the $,30,000 support level. If resistance takes place, it will be observed at the $38,600 level.

The ADX predicts bullish conditions for the token by the end of the month.

Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study
Source: TradingView

WLD Price Prediction

The buying rate has reduced but the trend still leads up meaning that there could be bullish conditions for the token. The price is anticipated to operate between $2.2 and $2.5 as the month comes to a close. The token can rise to $5 by the end of the year.

Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study
Source: TradingView

How To Buy BTC And WLD On CoinDCX

To buy the two tokens, register on the CoinDCX application by following these steps:

  1. Download Bitcoin App India.
  2. Key in your details.
  3. Finish the KYC and verify your telephone number.
  4. Deposit funds to your wallet once your profile has been verified.
Tags: crypto newsCryptocurrencies
Share77Tweet48
ADVERTISEMENT
Previous Post

NFT Loans: How They Operate And What You Need To Know

Next Post

Crypto Peer-to-Peer (P2P) Scams In India Highlight Urgent Need For Digital Asset Education

Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Mixin Network Falls Victim to $200 Million Security Breach
General News

Mixin Network Falls Victim to $200 Million Security Breach

September 25, 2023
3 Cryptocurrencies To Avoid Trading In The Upcoming Week
Altcoin News

3 Cryptocurrencies To Avoid Trading In The Upcoming Week

September 22, 2023
Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years
Bitcoin News

Crypto Taxes India: WazirX CEO’s Forecast For The Next Two Years

September 22, 2023
Robert Kiyosaki’s Insights On Gold, Silver, And Bitcoin
Bitcoin News

Robert Kiyosaki’s Insights On Gold, Silver, And Bitcoin

September 20, 2023
Crypto Industry Alert: SEC’s Enforcement Chief Signals More Charges for Exchanges and DeFi
Bitcoin News

Crypto Industry Alert: SEC’s Enforcement Chief Signals More Charges for Exchanges and DeFi

September 20, 2023
Bitcoin Futures Open Interest Surges By $1 Billion: Market Dynamics Unveiled
Bitcoin News

Bitcoin Futures Open Interest Surges By $1 Billion: Market Dynamics Unveiled

September 20, 2023
Next Post
Crypto Peer-to-Peer (P2P) Scams In India Highlight Urgent Need For Digital Asset Education

Crypto Peer-to-Peer (P2P) Scams In India Highlight Urgent Need For Digital Asset Education

Discussion about this post

Live Prices

Stay Connected

You May Also Like

  • Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    Terra Classic Price Prediction: What Is an Ideal LUNC Buy Zone?

    201 shares
    Share 80 Tweet 50
  • Elon Musk’s Silence And Its Impact On DOGECOIN

    194 shares
    Share 78 Tweet 49
  • Grayscale vs. SEC Decision Boosts XRP

    194 shares
    Share 78 Tweet 49
  • 3 Cryptocurrencies To Avoid Trading In The Upcoming Week

    193 shares
    Share 77 Tweet 48
  • Bitcoin (BTC) vs. Worldcoin (WLD) Comparative Study

    192 shares
    Share 77 Tweet 48
  • About Us
  • Contact Us
  • Work With Us
  • Privacy Policy
  • Terms Of Service

© 2022-2023 CryptoMufasa - All Rights Reserved!

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Price Predictions
  • Google News

© 2022-2023 CryptoMufasa - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

*By registering into our website, you agree to the Terms Of Services and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Table Of Content:

×
  • BTC The Key Leader In The Decentralized Finance (DeFi) World
  • The Features Of BTC
  • How BTC Operates
  • What Is Worldcoin (WLD)?
  • The Features Of WLD
  • How Does WLD Operate?
  • BTC Price Prediction
  • WLD Price Prediction
  • How To Buy BTC And WLD On CoinDCX
→ Index
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.