Web3 communication protocol WalletConnect announces decentralized roadmap

ChainCatcher message, Web3 communication protocol WalletConnect announces its decentralization plan, which is divided into four phases, ultimately launching an open and permissionless WalletConnect network by the end of 2025. The WalletConnect network will transition to a fully decentralized state, collectively operated by a community of infrastructure providers, ensuring independent operation free from centralized control, while equally incentivizing node operators to maintain network speed, security, and performance.

It is reported that WalletConnect is a web3 communication protocol that enables interoperability between cross-chain wallets and dapps. It has been integrated with over 500 wallets and 3,000 applications, providing connections for millions of end users each month. Today, it also allows developers to build engaging Web3 experiences using a set of SDKs: Web3Modal, Web3Wallet, and Web3Inbox.