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In the world of Web2, we have long been accustomed to various convenient login methods, such as WeChat QR code scanning and Apple ID authorization. However, Web3 is overturning all of this, bringing users a brand new way of authentication and management.
In the Web3 ecosystem, connecting a wallet is equivalent to registering an account, and signing actions are equivalent to activating permissions. The user's blockchain address becomes their unique identity marker, while transaction records constitute the user's digital resume. At the core of all this is the WalletConnect protocol.
WalletConnect can be seen as the Web3 version of the 'WeChat/Apple ID login protocol'. It provides users with a seamless identity switching experience across DApps, allowing the use of a single 'entry address' to operate multiple platform services. Users only need to authorize once to avoid the tedious processes of repeated logins, scanning codes, and reconnecting. More importantly, it enables users to easily bring their 'on-chain identity' into various applications.
However, the most significant difference between Web3 and Web2 is that users have complete control over their identity, rather than it being owned by any centralized institution. This characteristic greatly enhances users' control over their personal data and privacy.
In this emerging ecosystem, WCT( WalletConnect Token) plays a key role. It is not only the fuel and credential for the 'connection entry usage rights', but also the token that must be staked when projects access the WalletConnect protocol. In addition, users holding WCT can also enable more advanced Session modes, such as multi-device synchronization and other features.
With the continuous development of Web3 technology, we can foresee a significant transformation in the way identity verification and data management will occur in the future. WalletConnect is at the forefront of this transformation, providing users with a safer, more convenient, and more autonomous digital identity experience. This is not just a technological advancement, but an important step in empowering users with complete control over their digital assets and identities.