WalletConnect is an open-source protocol that creates a secure bridge between crypto wallets and decentralized applications (dApps). It allows users to connect their mobile wallets to dApps on any device by scanning a QR code or using a deep link, all without exposing private keys. This offers enhanced security, keeping sensitive information within the user's wallet.
The WalletConnect Token (WCT) is the native utility and governance token of the WalletConnect Network. WCT plays a crucial role in the ecosystem by facilitating:
* Fees: Potentially used to pay for network services in the future.
* Rewards: Incentivizing node operators and other contributors to maintain the network.
