WalletConnect prepares to launch its closed network as part of a four-phase decentralization effort
NEW YORK–(BUSINESS WIRE)–Today, Pedro Gomes, CEO and founder of WalletConnect – a leading web3 communications protocol – announces an ambitious new roadmap to build an open, permissionless, and decentralized network that will both improve performance of the WalletConnect Protocol and achieve functionality that better aligns with the tenets of web3. Milestones on the roadmap will be tested, audited and executed over the next year, concluding with a proposed formal launch of an open, permissionless WalletConnect Network in 2025.
The announcement arrives at a time when centralized control of web3 protocols is increasingly creating a choke-point for web3, posing a significant threat to the security and resiliency of the web3 ecosystem. The current environment – rife with regulatory uncertainty, potential for censorship, and security threats – underlines the importance of dece
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