🔧 Launch of a New Fee Structure for the WalletConnect Network and Future Updates! 🚀
WalletConnect presents an innovative new fee structure focused on usability and sustainable future! Initially, there are no fees when connecting users' wallets to decentralized applications, making it an ideal start for new users.
📊 Key Idea: Future service fees will be determined through community voting, with nominal fees charged for each message sent across the network. However, these fees will not be borne by the users, but rather by the applications themselves, reducing friction and providing a smoother experience.
🔁 How are the fees distributed? After the connection is made, the fees are added to the reward pool, which is distributed to node operators and wallet service providers. The rewards depend on performance and the number of signatures in transactions.
💡 Why this change?
Due to the costs associated with running the network, such as speed and high productivity, this structure helps ensure the long-term sustainability of the network. The project is initially funded from the reward pool, and fees will be adjusted based on transaction volume and network performance.
🌍 In the end, the goal is to provide a true decentralized infrastructure. As the network evolves, fees will be a flexible tool to support performance, ensuring a balance between innovation and an excellent user experience.
