Subscribe to our Telegram channel

A Ukrainian cryptocurrency startup has created a dapp application that will become a competitor to Worldcoin

12:54 pm, June 28, 2024

Rarimo, a Ukrainian startup recently highlighted by Ethereum co-founder Бутерін" href="https://noworries.news/biography/vitalij-buterin/" data-bio-id="3642">Vitalik Buterin BTC $60,817.02 Bitcoin -3.03% Market capitalization $1.2 trillion VOL. 24 hours $1.43 billion , has introduced a new verification app called RariMe App. This solution uses zero-knowledge proof (ZKP) technology and is designed to compete with Sam Altman’s Worldcoin.

The RariMe app scans a passport using a smartphone, confirming the user’s uniqueness by nationality, age, and other parameters without disclosing confidential information. This distinguishes it from Worldcoin, which uses special orbs to digitize the iris.

According to Kitty Horlick, CEO of Rarimo, the provider of Rarilabs, the app allows dapps to verify their identity, citizenship, or age and simply request the relevant proof. In the first demonstration scenario, the dapp will use passport ZKs for programmable airdrops of citizens of certain countries.

Rarimo co-founder Lasha Antadze noted that privacy is a freedom that no longer exists in the online space. RariMe aims to change this situation by providing users with the ability to remain incognito while interacting in Web3 in a truly anonymous manner.

Earlier, Vitalik Buterin named various ways to use cryptocurrencies in everyday life, such as using ZKP mechanisms to verify identity, credentials, or reputation.

Subscribe to our Telegram channel

BTC

$60,817.02

-3.03%

ETH

$3,349.31

-2.70%

BNB

$566.31

-2.28%

XRP

$0.48

0.33%

SOL

$146.23

-1.00%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more