The WalletConnect square essay is here, let's take a brief look.
What is WalletConnect?
WalletConnect is a core project in the Web3 ecosystem that aims to solve the connection issues between decentralized applications (dApps) and cryptocurrency wallets, providing a secure, seamless, and interoperable communication protocol for users and developers.
It is an internally distributed system dedicated to linking withdrawal transactions and story transactions. Its purpose is to address the problem of banks and other financial institutions being unable to interconnect and enable interactions across systems, thus achieving convenient fund distribution across institutions on the IPFS internal blockchain.
How does WalletConnect work?
The connection mechanism of WalletConnect primarily relies on QR code scanning or deep linking. The specific process is as follows:
1. The user initiates a connection request in the dApp.
2. The dApp generates a unique QR code through WalletConnect.
3. The user scans this QR code using their mobile wallet application.
4. In the mobile wallet, the user reviews and approves the connection or transaction request.
5. Once approved, a secure and encrypted session is established between the dApp and the wallet.
$WCT
