Convenient and Quick Use of WalletConnect
WalletConnect is an open-source protocol that allows users to securely connect to decentralized applications (DApps) on the desktop through wallet applications on their mobile phones. WalletConnect does not require users to install any browser plugins or extensions; it only requires scanning a QR code to enable communication and interaction between the wallet and the DApp.
Using WalletConnect has the following benefits:
1. Security: WalletConnect does not expose the user's private keys or mnemonic phrases; all signature requests need to be confirmed by the user on their mobile phone, preventing man-in-the-middle attacks and phishing attacks.
2. Convenience: WalletConnect supports various mobile wallets, such as MetaMask, Trust Wallet, imToken, etc., allowing users to choose a suitable wallet application based on their preferences. WalletConnect also supports various DApps, such as Uniswap, Compound, MakerDAO, etc., enabling users to switch between different DApps and enjoy decentralized financial services.
3. Compatibility: WalletConnect follows the EIP-1193 standard, making it compatible with any Ethereum-based DApp. WalletConnect also supports other blockchain platforms, such as Binance Smart Chain, Polygon, Solana, etc., providing users with more choices and possibilities.
How to Use WalletConnect
The steps to use WalletConnect are as follows:
1. Step 1: Install and set up a wallet application that supports WalletConnect on your mobile phone, such as MetaMask, Trust Wallet, imToken, etc.
2. Step 2: Open a DApp that supports WalletConnect on your desktop, such as Uniswap, Compound, MakerDAO, etc.
3. Step 3: Select the option to connect the wallet on the DApp and choose WalletConnect as the connection method.
4. Step 4: A QR code will appear on the DApp; scan this QR code with the wallet application on your mobile phone.
5. Step 5: A connection request will be received on the wallet application on your mobile phone; confirm it to complete the connection.
6. Step 6: You can see that the connection has been successfully established on the DApp on the desktop, displaying the wallet address and balance information.
7. Step 7: You can perform various operations on the DApp on the desktop, such as trading, lending, and collateralizing. Each operation requires confirmation of signature requests on the wallet application on your mobile phone.
8. Step 8: You can disconnect when it is no longer needed.
