#WalletConnect WCT
The WCT (WalletConnect Token) is the native utility and governance token of the WalletConnect network. Here’s a brief analysis:
What is WalletConnect?
WalletConnect is an open-source protocol that enables secure and seamless communication between decentralized applications (dApps) and cryptocurrency wallets. Essentially, it acts as a bridge, allowing users to interact with dApps without exposing their private keys, enhancing security and privacy. It is a fundamental piece of the Web3 ecosystem, facilitating millions of connections among over 23 million users, 600 wallets, and 40,000 dApp projects.
Features and Use Cases of WCT:
The WCT plays a crucial role in the decentralization and sustainability of the WalletConnect network. Its main features include:
* Governance: WCT holders have the ability to propose and vote on network updates, fee structures, and strategic initiatives, enabling community-driven development. On-chain governance is expected to launch in the second quarter of 2025.$WCT