Yesterday, I helped Xiao Wu, who runs an NFT studio, deal with a wallet issue. He sighed at the authorization records on the screen: 'Not long ago, I connected to a decentralized exchange using a certain wallet, but I didn't revoke the authorization in time, and in the middle of the night, someone transferred two blue-chip NFTs away. Even the police couldn't trace it.'
This reminded me of a security report I read: Last year, there were over 3,000 cases of asset theft due to wallet authorization vulnerabilities, with 60% occurring because users' authorization information was maliciously invoked while switching between multiple DApps, and the traditional single-chain authorization mechanism of wallets makes real-time control very difficult.
Later, I recommended Wallet Connect to Xiao Wu. He tried using it to connect to DApps on three different public chains. Last week, during a simulated phishing attack test, when a suspicious contract requested unlimited authorization, the system immediately popped up a risk alert and allowed him to view all authorization records on the chains with one click, precisely revoking the excessive permissions of a certain DApp. 'This cross-chain unified authorization management is really useful,' he said while operating, 'With a standardized communication protocol, it can support multiple chains and wallets, and monitor permission calls in real-time, which is much safer than setting up each wallet separately. The signature request also includes on-chain hash verification, so there's no fear of forgery. #WalletConnect
Now, all members of Xiao Wu's team have switched to Wallet Connect. Last month, they handled a cross-chain NFT transaction, transferring assets from Ethereum to Polygon, with controllable authorization throughout the process, and there were no issues. He calculated: Just in terms of avoiding potential theft risks and security audit costs, it’s already worth much more than the service fees.
In fact, what crypto users want is very simple: while having convenient connections, their assets need to be in their own hands. Wallet Connect doesn't hype any security concepts; it simply uses a standardized cross-chain authorization protocol to perfectly combine 'convenient connection' and 'controllable permissions.' This kind of professional balance is what reassures people the most. @WalletConnect $WCT