WalletConnect is a decentralized Web3 messaging layer and the standard protocol for connecting blockchain wallets to decentralized applications (dApps). Here is a specific introduction:
- Core Functionality: Allows users to securely connect their cryptocurrency wallets to dApps without exposing private keys or relying on browser extensions. Users can establish a secure connection between their wallets and dApps by scanning the QR code generated by the dApp or by clicking on a deep link, enabling them to use dApps for token exchanges, minting NFTs, and other operations.
- Main Features: Cross-chain compatibility, capable of operating within various blockchain ecosystems such as Ethereum and Solana; employs end-to-end encryption to ensure user data security and privacy; is an open-source protocol, community-driven development, and has become an industry standard, supported by numerous wallets and dApps. It has facilitated 150 million connections for 24 million end users, covering over 600 different wallets and 40,000 applications.
- Native Token: Its native token is WCT, built on the Optimism blockchain, playing a core role in the decentralization of the protocol and in coordinating incentive mechanisms among participants such as users and developers, with capabilities for fees, rewards, staking, and $WCT @WalletConnect #WalletConnect $.