What Is WalletConnect?

WalletConnect is an open-source standard that allows digital wallets to connect to decentralized applications (DApps). Additionally, WalletConnect can sometimes be fully related to a decentralized communication layer for next-generation Internet technology based on machine learning, artificial intelligence (AI), and blockchain technology (web3).

WalletConnect is used to simplify the integration of cryptocurrency wallets and decentralized applications, providing a simple connection that facilitates workflows. Due to its innovative mobile linking technology, WalletConnect enables a seamless connection between cryptocurrency wallets and decentralized applications.

WalletConnect is quite an innovative option, even today, due to its specific use of shared keys. In reality, a shared key is the basis for how WalletConnect operates, as it helps WalletConnect establish an encrypted connection, facilitating interaction between DApps and compatible wallets.