Decentralizing the Connection Layer with the $WCT Network
Architecting trustless communication. $WCT is the native token powering the evolution of WalletConnect from a protocol into a fully decentralized network. Let's look at the "why." The original protocol relied on centralized servers for relaying messages, creating a potential point of failure. The WalletConnect Network, built on Optimism and Solana, eliminates this by creating a decentralized network of relayers.
Here's the role of $WCT :
Staking & Security: Node operators stake WCT to participate in the network, relaying messages between wallets and DApps. This staking mechanism ensures they have skin in the game, guaranteeing reliable and censorship resistant communication.
Governance: WCT holders will govern the protocol's future, voting on upgrades, fee structures, and the integration of new features. This ensures the network remains a neutral and open standard.
Enhanced UX: The decentralized network enables new features like push notifications and faster connection times, improving the overall user experience.
By introducing the #wct token, @WalletConnect is future proofing the most critical connection layer in Web3, ensuring it remains secure, performant, and community owned for the next billion users.