#WalletConnect is an open-source protocol that creates a secure connection between crypto wallets and decentralized applications (dApps). It acts as a universal bridge, allowing users to interact with various Web3 platforms like DeFi protocols and NFT marketplaces directly from their mobile or desktop wallets.
The core mechanism involves generating an encrypted QR code or deep link from the dApp, which users scan with their preferred WalletConnect-compatible wallet. This establishes a secure, end-to-end encrypted session without exposing sensitive private keys. WalletConnect supports hundreds of wallets and thousands of dApps across numerous blockchain networks, simplifying the user experience and enhancing security in the decentralized ecosystem. Its native token, WCT, is used for staking, governance, and network incentives.
