WalletConnect has become the invisible thread connecting the problematic Web3 user experience. WalletConnect connects multiple ecosystems so consumers can easily and safely use decentralized applications (dApps) on their phones, in wallets, and on hardware.
#WalletConnect is not a wallet; it is a secure communication layer that enables over 500 wallets and 3,000 dApps to connect with each other. Users can sign transactions, manage sessions, and use dApps on any device without any browser plugins. They can also scan QR codes and deep link.
Changes to the Protocol
Protocol V1: Allowed early cross-network based on websocket connection.
Protocol V2: Adds support for multiple chains, multi-session bandwidth, and end-to-end encryption, as well as improved scalability. This is the foundation for the future of WalletConnect.
Key Sections
Relay Network: A decentralized network to send messages to find and chat with others.
Signing Engine: Makes it easy to sign transactions across multiple chains and sessions.
The Push protocol allows dApps to send alerts, notifications, and reminders to specific wallets.
Developer-friendly
You can get the WalletConnect SDK in JavaScript, Swift, Kotlin, and other languages. This makes it easy for mobile applications and dApps running in browsers to add Web3 functionality.
Wallet compatibility
Ethereum, BNB Chain, Polygon, Avalanche, and Cosmos are some of the main chains that WalletConnect works with. With just one integration point, developers can reach users across multiple networks.
$WCT as a Network in the Future
WalletConnect is becoming more than just a protocol; it is becoming a networking layer for Web3 applications. With the new WalletConnect Cloud and decentralized coordination layer, it will provide a robust infrastructure for discovery, communication, and existence across multiple chains.
Final Thoughts
WalletConnect is not prominent in the Web3 module stack, but it is truly important. It allows you to interact where native support stops. WalletConnect is the trusted bridge connecting wallets to games, DAOs, DeFi, and NFTs.
WalletConnect will be the thread for Web3.
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