What is WalletConnect (WCT)?😍😍😍😍😍

#WalletConnectNetwork #WalletConnect

WalletConnect is an open-source protocol that enables secure connections between cryptocurrency wallets and decentralized applications (dApps). With over 23 million users, 600+ wallets, and 40,000 dApps integrated, WalletConnect is a crucial UX infrastructure in Web3, providing a smooth, multi-platform, and highly secure interactive experience.

Wallet Connect website

Wallet Connect website

How does WalletConnect work?

WalletConnect acts as an intermediary protocol that creates a secure, decentralized, and encrypted connection between the user's wallet and decentralized applications (dApps). Instead of requiring users to log in with a traditional account or enter a private key, WalletConnect uses a QR code or deep link to establish the connection.

How Wallet Connect works

How Wallet Connect works

The specific mechanism works as follows:

Step 1 – Initiating the connection: When users access a dApp (such as Uniswap), they will select the “Connect Wallet” option and choose WalletConnect.

Step 2 – Scanning the QR code: The dApp will display a QR code representing the connection session. Users with a wallet integrated with WalletConnect (such as MetaMask, Trust Wallet, Bitcoin.com…) will scan this code.

Step 3 – Approval: After scanning, users will receive a notification in their wallet to confirm the connection. Once agreed, the connection will be encrypted and established.

Step 4 – Communication and transaction processing: All transaction requests from the dApp will be sent to the wallet via the secure connection. Users confirm each transaction right in the wallet, ensuring no unintended actions occur.

$WCT hashtag #WalletConnect @WalletConnect