The Protocol: ENS on Bitcoin; Worldcoin, Without the Eyeballs
Worldcoin, rebranded as World Network, offers digital passports verified through iris scans to distinguish humans from bots. A new blockchain identity platform called “Y,” led by crypto veterans, aims to compete with World Network without using iris scans. Aave is exploring deployment on the Bitcoin layer-2 network Spiderchain, reflecting interest in expanding DeFi functionalities to Bitcoin. Spaces Protocol, a decentralized naming system on Bitcoin, is launching on mainnet, claiming improvements over Ethereum's ENS by avoiding a foundation and token. Morpheus, a decentralized AI project, has launched to mitigate AI's negative impacts, utilizing the Lumerin codebase. A governance attack on Compound involved a whale named Humpy reallocating $24 million in COMP tokens, raising concerns about DAO governance vulnerabilities.
