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Germany's data watchdog has been scrutinizing the Worldcoin initiative since the previous year due to apprehensions concerning the extensive processing of confidential biometric information.
Currently, concerns have been raised about Sam Altman's project from the United Kingdom, France, and Germany. 
Layer 2 network Optimism has surpassed Arbitrum, recording 944,000 daily transactions, which is nearly 50% more than its former frontrunner with 660,000 daily transactions.
The surge in activity on Optimism can be attributed to the recent Bedrock update and the excitement surrounding the Worldcoin project, which enables user accounts within this network.
However, when it comes to Total Value Locked (TVL), Arbitrum remains in the lead, boasting over $2 billion — twice as much as its competitor. 
Ethereum co-founder has raised four primary concerns of Worldcoin: privacy, accessibility, centralization, and security.
While Worldcoin's Proof-of-Personhood (PoP) system is designed to authenticate unique users without revealing personal data, Buterin warns that any data leak could lead to misuse of identity information. He also points out that accessibility is an issue, as participation requires physical access to a device called "Orb," potentially limiting the project's reach. Lastly, he mentions security risks such as phone hacking and coercion to scan irises.
Despite these concerns, Buterin does see the value in the concept of Worldcoin, and suggests a combination of social-graph-based, general-hardware biometric, and specialized-hardware biometric techniques as a potential solution. Challenges Arise with Worldcoin's Identity Verification
As the highly anticipated launch of Worldcoin's token approaches, concerns are mounting regarding the integrity of its unique individual verification process. Co-created by Sam Altman from OpenAI, Worldcoin aims to distribute tokens to those who can prove their uniqueness by undergoing iris scans using Worldcoin's specialized orbs. 
LunarCrush, the data analytics company, has reported that the most frequent search on their platform is now the SHIB token, overtaking Optimism (OP) and Worldcoin (WLD) which landed in the second and third spots respectively.
Notably, this "meme token" has shown a surge in its overall social engagement by 20% and has held a strong social dominance of 4.8% in the past 24 hours. 
Worldcoin Addresses Security Concerns
Worldcoin has released its audit reports amid increasing criticism of its data collection practices.
The audit revealed a total of 29 security issues with the protocol.
Out of these, 27 have been fixed, one was mitigated, and another was acknowledged.
The audit was conducted by security consulting firms Nethermind and Least Authority. 
The UK's data watchdog is setting its sights on Worldcoin, Sam Altman's initiative offering free crypto for iris scans.
With digital ID on one side and cryptocurrency on the other, it's caught the Information Commissioner's Office's attention.
"We note the launch of WorldCoin in the UK and will be making further enquiries," a spokesperson for the ICO says. 
