$WCT The central function of WalletConnect is to create encrypted connections between crypto wallets and DApps by scanning QR codes and deep links. This ensures the privacy and security of users, whether connecting through a desktop or mobile browser.
The protocol uses a shared key between two peer pairs to establish encrypted connections, allowing users to enjoy a private and secure connection when interacting with DApps. WalletConnect also requires your approval for any transactions and never gives DApps access to your private keys, making it a popular choice among well-known crypto wallets.
Scanning QR codes is a key element of the WalletConnect connection process. Users can set up a secure connection between the DApp and their wallets by scanning the QR code displayed in the DApp interface.
WalletConnect's deep connection also allows for secure and encrypted connections between two applications by scanning a QR code or following a deep link without disclosing personal information.