$WCT vs $BTC

What is the WCT cryptocurrency?

The WCT cryptocurrency mainly refers to the WalletConnect Token.

What is WalletConnect?

WalletConnect is an open-source and decentralized protocol that allows users to connect their cryptocurrency wallets (both on mobile devices and browser extensions) to decentralized applications (dApps) securely. Imagine it as a "bridge" that facilitates communication between your wallet and a blockchain application, without the need to expose your private keys. This is crucial for security and user experience in the Web3 ecosystem.

What is the WalletConnect Token (WCT)?

The WCT is the native token of the WalletConnect ecosystem. It was launched to enhance the network and its development. Its main utilities include:

Network incentives: It is used to reward network participants who contribute to its security and efficiency.

Governance: WCT holders have voting rights, allowing them to participate in important decisions about the future of the protocol, such as technical updates and fee structures.

Transaction fees: It can be used to pay fees within the WalletConnect ecosystem.

Staking: Users can stake their WCT tokens to contribute to the stability and security of the network and, in return, receive rewards. If you want to know more, search for their account on X @WalletConnect and use #WalletConnect .