#ETHCorporateReserves
#WalletConnect is a crucial infrastructure in the web3 space that enables seamless connections between wallets and decentralized applications (dApps). Here's what you need to know:
What is @WalletConnect ?
WalletConnect is an on-chain UX ecosystem that facilitates users' ability to interact with any wallet across any app and platform. It's chain-agnostic, working across various ecosystems like EVM, Solana, Cosmos, Polkadot, and Bitcoin .
Key Features:
- Secure Connections: WalletConnect provides end-to-end encrypted connections, ensuring secure interactions between wallets and dApps.
- Interoperability: It enables wallets and dApps to communicate with each other seamlessly, promoting a composable and interoperable web3 ecosystem.
- Decentralization: WalletConnect is designed to become more decentralized over time, with a phased approach to transition from a permissioned environment to a fully permissionless model ².
WalletConnect Network:
*Connections: Over 300 million connections facilitated for 50+ million users between 700+ different wallets and 70,000+ applications.
*Partners: Hosts thousands of leading projects, powering the most vibrant ecosystem in web3 today .
WalletConnect Token (WCT):
*Governance*: $WCT will govern the decentralization of the WalletConnect Network, providing continued resilience, privacy, and censorship-resistance.
*Staking*: WCT holders can stake their tokens to participate in governance, earn rewards, and contribute to the network's security
Use Cases:
dApp Integration*: WalletConnect enables dApps to integrate with various wallets, enhancing user experience and promoting adoption.
Wallet Development*: Wallet developers can leverage WalletConnect's infrastructure to build more secure and user-friendly wallets ⁵.
