WalletConnect makes it easy to connect cryptocurrency wallets to decentralized applications using QR codes or deep links, keeping users in control without revealing sensitive information. The WalletConnect ecosystem has its own utility token, WCT, which can be used for storage, governance, and earning rewards.

WCT Token

What is WalletConnect?

WalletConnect is an open-source protocol that makes it easier for cryptocurrency wallets to connect to decentralized applications (DApps). Instead of relying on browser extensions or copying and pasting wallet addresses, WalletConnect allows you to link your wallet to a decentralized application by quickly scanning a QR code or deep link. WalletConnect works across multiple blockchains and aims to make Web3 easier to use and more secure.

WalletConnect was originally created to address fragmented and weak interactions between DApps and wallets, and it has evolved into a protocol and network that supports millions of users and thousands of applications.

How WalletConnect Works

Essentially, WalletConnect acts as a communication layer that allows wallet applications to interact with decentralized applications without exposing sensitive information, such as private keys.

WCT Token

WalletConnect has its own token, WCT. It is an ERC-20 token with a total supply of one billion tokens. WCT was launched on the Optimism network and is used for multiple purposes within the WalletConnect ecosystem.