WalletConnect is a secure, decentralized protocol that bridges crypto wallets with dApps across chains. It uses end-to-end encryption so your private keys never leave your device. Launched in 2024, $WCT is the native token of the WalletConnect Network. It enables governance, staking, rewards, and fees on the network.
🔗 WCT Roles: WCT powers network governance, staking and rewards. Holders can stake $WCT to secure the network and earn rewards, and vote on protocol upgrades.
🔒 Secure Connections: WalletConnect already supports 600+ wallets and 40k+ apps, enabling 150M+ secure connections for 23M+ users. It uses encrypted relay servers so private keys stay on your device. The decentralized WalletConnect Network then relays these messages between wallets and dApps, eliminating the need for browser extensions.
🌟 Why it matters: $WCT aligns incentives across the ecosystem. In fact, *“the WalletConnect Network is secured and governed by its native token, $WCT”*, making WalletConnect a self-sustaining backbone for Web3 connectivity. This tokenized model means users and node operators are rewarded for keeping the system running smoothly.
🔔 Get Involved: Try connecting your wallet via WalletConnect and explore staking $WCT to help secure the network. Follow #WalletConnect and #WCT for the latest updates! 🚀
#WalletConnect #WCT #Web3 #crypto #dApps
Sources: WalletConnect docs and analysis.
