#WalletConnect $WCT @WalletConnect is an open-source protocol used to connect cryptocurrency wallets to decentralized applications (DApps) in a secure and easy manner, without the need for browser extensions or revealing private keys.

⚙️ How does WalletConnect work?

- An encrypted connection session is created between the wallet and the app by scanning a QR code or clicking on a deep link.

- Users can approve or reject transactions directly from their wallet, retaining full control over their assets.

- The protocol supports multiple blockchain networks such as Ethereum, Solana, Polkadot, Cosmos, and Bitcoin.

🪙 What is the WCT token?

- WCT is the native token of WalletConnect, of the ERC-20 type, and is used for:

- Governance: voting on network development decisions.

- Staking: securing the network and earning rewards.

- Rewards: incentivizing node operators and wallet providers.

- Future fees: it may be used to pay transaction fees later.

🌐 Why is WalletConnect important?

- It facilitates the use of Web3 applications without technical complexity.

- It preserves privacy and security.

- It supports over 38 million active wallets and more than 57,000 decentralized applications.