WalletConnect (WCT) is an open-source network that connects users to decentralized applications through a secure and interoperable protocol. Since its launch in 2018, @WalletConnect #WalletConnect its token $WCT $WCT is expected to have ecological associations in the future, increasing token consumption.
Its importance lies in solving the problem of managing multiple decentralized applications (Dapps) and DeFi protocol wallets. Users do not need to use a separate wallet for each platform!
With WalletConnect, users can interact with multiple Dapps from a single wallet. In terms of connecting wallets, when users access a Dapp that supports WalletConnect and choose to connect this way, the Dapp generates a unique session request (often presented as a QR code);
Users open a WalletConnect-supported wallet (such as MetaMask, Trust Wallet), scan the QR code, and approve the request to establish an encrypted connection. Once connected, the Dapp can send requests to the wallet, such as signing transactions, and after user approval, the wallet locally signs and returns the data. Throughout the process, the private key is not exposed, ensuring security and convenience.
