What is WalletConnect (WCT)?

Key Concepts

WalletConnect makes it easy to connect cryptocurrency wallets to decentralized applications using QR codes or deep links, keeping users in control without exposing private keys or relying on browser extensions.

The protocol supports a wide range of blockchain networks, including Ethereum, Solana, Polkadot, Cosmos, and Bitcoin.

The WalletConnect ecosystem includes WCT tokens, which represent its service tokens, and can be used for staking, governance, and earning rewards.

What is WalletConnect?

WalletConnect is an open-source protocol that facilitates cryptocurrency wallets connecting to decentralized applications. Instead of relying on browser extensions or copying and pasting wallet addresses, WalletConnect allows you to connect your wallet to a decentralized application by scanning a QR code or a deep link. WalletConnect operates across multiple blockchain chains and aims to make Web 3 more accessible and secure for users.

The protocol was originally created to address fragmented and weak interactions between decentralized applications and wallets, and WalletConnect has evolved into a protocol and network supporting millions of users and thousands of applications.

How WalletConnect Works

At its core, WalletConnect acts as a communication layer that allows wallet applications to interact with decentralized applications without exposing sensitive information, such as private keys.