Advantages: WalletConnect ($WCT ) achieves seamless connection between dApps and wallets through an open-source protocol, supporting over 600 wallets and more than 40,000 applications, cross-chain compatibility, greatly enhancing the Web3 user experience. QR code connection is simple and secure, and WCT tokens incentivize community governance and decentralized development, meeting the demand for convenient interactions.
Disadvantages: Connection relies on devices and networks, which may face interruptions or delays. The complexity of the protocol may lead to high learning costs for novice users. Decentralized governance may raise decision-making efficiency issues, and the volatility of WCT token prices may affect staking returns. Potential risks of smart contract vulnerabilities should be taken into account.
