WalletConnect (WCT) – A secure bridge between cryptocurrency wallets and dApps

WalletConnect is an open-source protocol designed to connect cryptocurrency wallets with decentralized applications (dApp) seamlessly, securely, and independently of Blockchain. Initially just a simple connection solution, WalletConnect has evolved into a powerful decentralized network, serving as a critical infrastructure layer in the Web3 ecosystem. With the mission of enhancing the Web3 user experience, WalletConnect has become a bridge to improve interaction between wallets and dApps, while also opening up the infrastructure platform for next-generation Blockchain applications.

1. How WalletConnect Works WalletConnect allows wallets and applications to communicate directly on any Blockchain through an encrypted communication channel. Users can: Log in to the dAppConfirm transactionAccess Blockchain services without compromising security The difference compared to traditional wallet – dApp bridges is that WalletConnect ensures interoperability across the entire ecosystem, regardless of the platform or Blockchain. The WalletConnect network consists of 3 main components: Network (Network ) – a collection of nodes (node) decentralized managed by many independent operators, ensuring message transmission and maintaining stable services.SDK – a toolkit that helps developers integrate WalletConnect into wallets or dApps easily. Standards (Standards ) – a common specification for integrated platforms to operate compatibly. Currently, WalletConnect supports over 61,500 decentralized applications and more than 600 different wallets worldwide.
2. WCT Coin – The heart of the network WCT is the official token of WalletConnect, serving the role: Network security: Node operators must stake WCT to participate, thereby ensuring commitment and common interests. Decentralized governance: WCT holders have the right to vote on network parameter changes, protocol upgrades, and resource allocation. Performance rewards: Nodes and wallets are rewarded based on uptime, service quality, and transaction volume.

Currently, there are over 100 million WCT being staked, with approximately 305,000 holders worldwide. 3. Current applications and expansion plans Current application: Staking to operate the node Participate in protocol governance Receive performance rewards

Future plans: Pay network fees with WCT: Applications using WalletConnect will need to pay service fees with WCT. Community development support: Use WCT to fund ideas to improve user experience, from wallet interface to backend infrastructure. Deeper community interaction: Oanh selects the best wallets of the season, early access to the beta program, requires staking WCT to participate in the App Certified program. Expand governance: The community has the right to decide the listing criteria for applications and wallets in the ecosystem. 4. Network architecture and technology The WalletConnect network is optimized to handle a large number of connections with low latency, including: Gateway Nodes: navigation and load balancing. Service Nodes: storing and transmitting messages in real-time. There are currently 16 independent operators worldwide, ensuring the security and resilience of the network.

WalletConnect also supports advanced technologies such as: Smart Sessions (Smart Sessions )Gas Abstraction (Automatic gas fee deduction )Blockchain Abstraction (Blockchain abstraction )

Thanks to this, users can experience a smoother dApp without being limited by the underlying Blockchain. 5. WCT Distribution and Fundraising Process The total supply of WCT is 1 billion tokens ( deployed on the Optimism Mainnet ). When the initial unlock occurs, approximately 186.2 million WCT (, 18.6% ) will be in circulation. Main distribution rounds: Private Sale: 10 million WCTBitget Sale: 20 million WCTCoinList Sale: 19.98 million WCTEcho Private Sale: 2.5 million WCT

The fundraising process occurs over multiple rounds (Token Warrants) in February 2022, October 2022, and 2024, with different vesting conditions (. Some rounds apply a 1-year cliff and a 4-year unlocking period. 6. Conclusion WalletConnect is not just a tool for connecting wallets with dApps, but has evolved into an important decentralized infrastructure for Web3. With a governance mechanism using WCT, a performance reward model, and a focus on expanding practical applications, WalletConnect is moving towards becoming an indispensable platform for Blockchain developers and users. @WalletConnect #WalletConnect $WCT {spot})WCTUSDT(