What Is WalletConnect? $WCT WalletConnect is an open-source protocol that makes it easy for crypto wallets to connect with decentralized apps (DApps). Instead of relying on browser extensions or copy-pasting wallet addresses, WalletConnect lets you link your wallet to a DApp with a quick QR code scan or deep link. WalletConnect works across many blockchains, and aims to make Web3 more user-friendly and secure.
Originally created to address fragmented and vulnerable DApp-wallet interactions, WalletConnect has grown into a protocol and a network that supports millions of users and thousands of applications.
How WalletConnect Works At its foundation, WalletConnect acts as a communication layer that enables wallet applications to interact with DApps without exposing sensitive information, such as private keys.
The protocol supports encrypted messaging through a session established by scanning a QR code or clicking a deep link. Once connected, users can approve or reject transactions directly from their wallets.
WalletConnect supports multiple blockchain networks, including Ethereum, Solana, Cosmos, Polkadot, and Bitcoin. #wct
Bitcoin Hits 2024 Correction Levels—Signs Point to Bullish Bitcoin fell over 21% from its $109,114 high, now trading at $85,205. Short-term holder activity has declined, resembling patterns seen before mid-2024’s major rally. Analyst Crypto Dan sees maturing market structure, hinting at possible upside after brief consolidation. Bitcoin has endured a turbulent stretch in recent months. After reaching an all-time high of $109,114 earlier this year, its value has dropped more than 21%, unsettling even experienced investors. Currently priced at $85,205, Bitcoin has seen a 0.87% increase over the past 24 hours.
XRP ( $XRP ) has plunged 16% in the past 24 hours, now trading at $2.07
According to CoinCodex, the total crypto market cap has declined by 2.6% to $3.1 trillion, with Bitcoin (BTC) shedding 8.3% in the past day and maintaining a dominance rate of 60.5%.
Today’s Losses Evaporate XRP’s Yearly Gains This significant drop in XRP’s value in the past few days is pushing its yearly performance into negative territory. However, the token is still the best-performing asset among the top 10 most valuable cryptocurrencies. #DiversifyYourasseets