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WalletConnect Network
@walletconnect
What is the WalletConnect Network? It’s the critical infrastructure enabling secure, encrypted communication between wallets and apps across all devices. But it's much more than that—here’s how it works and why it matters: The WalletConnect Network solves a key problem in the onchain economy: how to easily connect wallets and apps, whether users are on mobile or desktop. It enables users to securely interact with apps using QR codes or deep links, without exposing sensitive data. At the core is the relay infrastructure, which facilitates encrypted communication between wallets and apps. This means wallets never need to share private keys or sensitive information with the app itself, protecting user privacy while enabling seamless transactions. (cont.)
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WalletConnect Network
@walletconnect
Decentralization is key. As the WalletConnect Network scales, it will move toward a fully permissionless model, where anyone can run a Service Node. This transition ensures that no single entity controls the network, making it resilient and censorship-resistant. As it decentralizes, the WalletConnect Network also introduces WalletConnect Token (WCT), its native token. WCT will power governance, staking, rewards, and future fee structures. Participants will be able to use WCT to vote on proposals, stake tokens to secure the Network, and earn rewards based on their contributions. As the Network evolves, it’s laying the groundwork for an onchain UX ecosystem that prioritizes user autonomy, privacy, and security. By standardizing wallet-to-app interactions, the WalletConnect Network aims to scale the onchain world to billions of users globally.
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