#WalletConnect is an open-source protocol that serves as a bridge between cryptocurrency wallets and decentralized applications (dApps). It allows users to connect their self-custody crypto wallets to dApps securely and conveniently, primarily by scanning a QR code or using a deep link.

Here's a breakdown of what WalletConnect is and how it works:

What it is:

* A Protocol: It's a set of rules and standards for how wallets and dApps communicate.

* A Communication Layer: It facilitates encrypted message transfers between wallets and dApps.

* Decentralized: It operates as a decentralized network with service and gateway nodes.

* Cross-Chain Compatible: It supports a wide range of blockchain networks, including Ethereum, Solana, Polkadot, Cosmos, Bitcoin, and many others (over 150+ chains).