👛 Previously we talked about the definition of #WalletConnect , in simple terms it would be like a passport for our digital wallets (cryptocurrency wallets) to securely connect to decentralized applications (dApps) in the world of Web3.
🎯 The goal of @WalletConnect is to facilitate the connection between wallets and dApps, acting as a secure bridge between wallets and dApps.
👩🔧 How does it work?
You scan a QR code or click on a link, and that's it, you are securely connected 💁♀️
🔒 Provides Security: does not share private keys, everything is encrypted.
Importance of WalletConnect:
🚀 Connects over 600 wallets and 65,000 dApps.
👥 Approximately 47.5 million users use it.
💰 $WCT is the token that powers the network, allowing governance and staking.
In summary
WalletConnect is like the "traffic system" of Web3 🔄. It makes connecting to decentralized applications easy and secure. If you use wallets like MetaMask or Trust Wallet, you have probably already used WalletConnect 🤯.