What is WalletConnect Network?

The WalletConnect Network is an on-chain user experience (UX) platform that facilitates secure and seamless connections between wallets and decentralized applications (dApps) across various blockchain ecosystems, including Ethereum, Solana, Cosmos, and more. It is designed to be chain-agnostic, allowing for wide interoperability and enabling users to utilize any wallet across multiple apps and platforms.

The network operates using service nodes and gateway nodes. Service nodes store data, while gateway nodes facilitate encrypted communication between wallets and dApps. These interactions are secured through end-to-end encryption, ensuring privacy for users​

Governance of the network is community-driven, with the WalletConnect Token (WCT) playing a key role in governance, staking, and rewards. Token holders can vote on network proposals, staking terms, and potential fees for services like relay usage​. The network also incentivizes participation through staking rewards, where users can lock up WCT tokens to secure the network and earn additional tokens in return