What is WalletConnect?
#WalletConnect
WalletConnect is an open-source protocol designed to securely connect cryptocurrency wallets (such as mobile apps) to decentralized applications (dApps). This is done by scanning a QR code or using deep links, without the need for browser extensions or exposing the wallet’s private keys.
WalletConnect supports over 500 digital wallets and 150 blockchain networks, covering thousands of applications such as DeFi platforms and NFT collections.
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How does it work?
The WalletConnect protocol creates an encrypted session between the wallet and the dApp using a QR code or a deep link.
Signed requests are sent from the wallet directly to the application without exposing the private keys, and each request is reviewed and approved by the user.
The communication protocol relies on relay servers that do not store sensitive data or private keys, ensuring privacy and security.
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Why is WalletConnect used?
1. Security of information – Private keys remain inside the wallet and are never shared with any external application.
2. Wide and multi-chain compatibility – Supports multiple networks such as Ethereum, Solana, Polkadot, Cosmos, Bitcoin, and more.
3. Smooth user experience – Easily connects between devices, such as opening a dApp on desktop and interacting from a mobile wallet using a QR code.
4. Open and developer-friendly – Developers can easily integrate WalletConnect into a wide range of wallets and dApps via SDKs in languages such as JavaScript, Swift, and Kotlin.
$WCT