The #Walletconnecet ecosystem has $WCT as its unique benefit token, which can be used for storage, governance, and earning rewards.

What is #Walletconnecet ?

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

Originally, 36750443889 was created to address fragmented and weak interactions between DApp and wallet, 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 connection layer that allows wallet applications to interact with decentralized applications without exposing sensitive information, such as private keys.

The protocol supports encrypted messages through a session created by scanning a QR code or clicking on a deep link. Once connected, users can approve or reject transactions directly from their wallets, which remain under their full control throughout the session.

WalletConnect supports multiple blockchain networks, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin.