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World Chain (WLD)

What is World Chain?​

Here are 5 key points about World Chain:

  • Built as a second-layer blockchain, World Chain utilizes Superchain to process transactions faster and with lower costs than the main Ethereum network.

  • World Chain is designed for seamless integration with Ethereum and other blockchains, allowing assets and data to move freely between ecosystems.

  • Unique to World Chain, users can verify their identities without compromising privacy, enhancing security and trust within the network.

  • Capable of processing thousands of transactions per second, World Chain is highly scalable, suitable for high-demand applications.

  • World Chain’s native token, Worldcoin (WLD), is central to its ecosystem, used for staking and governance. As a user, holding and staking WLD grants you voting rights and priority access to block space, which helps support the security and future direction of the World Chain Network.

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Gem Wallet uses the term World Ethereum or simply (ETH) as the gas token on the World Chain Network used for transaction fees.

World ETH on Gem Wallet World ETH Chart on Gem Wallet

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Learn more about World Chain by reading the Gem Wallet Learn article:
What Is World Chain?

World Chain on Gem Wallet​

Gem Wallet has the following features enabled for World Chain:

  • Buy World Ethereum (ETH) with fiat using debit/credit cards.
  • Store World Ethereum (ETH), Worldcoin (WLD) and other ERC20 tokens securely.
  • Monitor WLD price movement with the built-in charts.
  • Send and Receive ETH and ERC20 tokens natively.

What are World ERC20 tokens?​

  • ERC20 tokens are a type of digital assets issued via smart contracts on the Ethereum network.
  • World Chain supports the transfer and interoperability of ERC20 tokens from the Ethereum network to the World Chain Network. World Chain itself does not have its own native ERC20 tokens.
  • They allows users to access a wide range of ERC20 tokens and decentralized applications (dApps) on World Chain while benefiting from its scalability and low transaction fees.

USDC ERC20 on World World ERC20 Tokens on Gem Wallet

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Learn more about ERC20 tokens from this Gem Wallet Learn article: What Is ERC20 and What You Need to Know About Tokens on the Ethereum Blockchain

How to Get World ETH?​

Here are some ways to acquire some World Ethereum (ETH):

  • Buy World Ethereum (ETH) directly on the Gem Wallet app.
  • Receive World ETH with the unique World Ethereum address on the Gem Wallet app.
  • Swap ERC20 tokens to World ETH. This requires that you already have ETH on your wallet to pay for fees.

Buy on World ETH on Gem Wallet Receive World ETH on Gem Wallet

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Send only World Ethereum (ETH) to the World Chain address.

Transaction Fees on World Chain​

The fees on World are summarized as follows:

  • Users conducting transactions on the World Chain Network pay fees denominated in World Ethereum (ETH).
  • World Chain is designed to offer low transaction fees, making it cost-effective for users to conduct transactions and deploy smart contracts.
  • The fee structure on World Chain is predictable, ensuring that users can anticipate the costs associated with their transactions and manage their budgets effectively.

Send World ETH Fee on Gem Wallet Transfer World ETH on Gem Wallet

How to Check World Ethereum (ETH) Balance?​

Gem Wallet app connects to the World Chain Network to show the ETH balance on your wallet. Tap on the 3 dots at the upper right corner, then tap on View address on World Scan.

View Address Link to World Scan World ETH Address on World Scan

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World Scan is the default World ETH explorer of Gem Wallet. You can manually check balances and transactions by going to World Scan and search for your ETH address.

Why Choose Gem Wallet for World Chain?​

Here are three reasons why you should use Gem Wallet for your World (ETH) tokens:

  • Enhanced Security: Gem Wallet employs robust security measures, including advanced encryption and secure key management, to protect your World (ETH) tokens from unauthorized access and potential threats.

  • Open-Source Transparency: As an open-source wallet, Gem Wallet allows for community review and audits of its code. This transparency ensures that there are no hidden vulnerabilities and builds trust among users.

  • Multi-Currency Support: Gem Wallet supports a wide range of cryptocurrencies, including World (ETH) tokens. This multi-currency support allows users to manage various assets in one secure and convenient platform.