Today I saw someone on the platform saying that WCT has no technical highlights and is a useless token, haha! I laughed, when they lose in the contract, they come out everywhere to criticize WCT, the highlight is just that you don't know.
Technical highlights of WalletConnect
Cross-chain protocol upgrade: WalletConnect has announced that its governance token WCT has been deployed to the Solana network, and an airdrop has been conducted for active Solana users. This move marks the official launch of WalletConnect's multi-chain strategy, which will expand to more public chains in the future.
Native cross-chain transactions: WCT has landed on Solana with the Wormhole framework, using a 'burn and mint' mechanism to ensure supply consistency and asset native properties during the cross-chain process. This mechanism replaces the traditional way of wrapping tokens, making cross-chain transactions more efficient and secure.
Broad compatibility: WalletConnect supports over 350 wallets, including mainstream Solana wallets like Phantom and Backpack. This allows WCT to seamlessly integrate with various devices and applications, greatly expanding its application scenarios and user base.
Contribution to a decentralized network: WCT is not only an important component of the WalletConnect network, but also enables participants to contribute to ecological development through governance rights, staking rewards, and practical functions. This design encourages users to actively participate in the maintenance and optimization of the network, enhancing the decentralized nature of the network.
