#WalletConnect

What is WalletConnect?

WalletConnect is a cross-chain protocol designed to facilitate secure and user-friendly connections between cryptocurrency wallets and DApps. Launched in 2018 by Pedro Gomes in collaboration with Binance, WalletConnect eliminates the need for browser extensions or manual address copying, offering a streamlined experience through QR codes or deep links. It supports a wide range of blockchains, including Ethereum, BNB Smart Chain, Solana, Polkadot, Cosmos, and Bitcoin, making it a versatile tool for Web3 interactions.

The protocol establishes an encrypted connection between a wallet and a DApp, ensuring that private keys remain secure and under user control. WalletConnect also supports push notifications and decentralized messaging, enhancing usability and security. Its ecosystem includes the WCT token, used for staking, governance, and potential future transaction fees, with a total supply of 1 billion tokens.