Help me, teammates, which position should I keep open? Long or short?
I'm having a hard time figuring out which one will be more profitable.
WalletConnect is an open protocol that enables secure communication between decentralized applications (dApps) and crypto wallets. It allows users to interact with dApps directly from their mobile or desktop wallets without needing to expose private keys or rely on browser extensions.
🔑 Key Features
Secure Connection
Uses end-to-end encryption for communication between dApps and wallets.
No sensitive information (like private keys) is shared with the dApp.
Cross-Platform
Works with mobile wallets, browser wallets, and web dApps.
Supports QR code scanning and deep linking for mobile access.
Multi-Chain Support
Initially focused on Ethereum, but now supports multiple blockchains including Binance Smart Chain, Polygon, Avalanche, etc.
Session Persistence
Once connected, the session can persist until manually disconnected, making it easier for users to interact with dApps across multiple visits.
Open Source
Available on GitHub, allowing developers to audit, contribute to, or build upon the protocol.
🧱 Components
WalletConnect Client (used by dApps): Implements the protocol to initiate connections and send requests.
WalletConnect Wallet: Implements the protocol to receive requests, prompt the user, and send back responses.
🔄 How It Works
The dApp creates a connection request, encoded in a QR code or deep link.
The user scans the QR code or clicks the link with a WalletConnect-compatible wallet.
A secure session is established between the dApp and the wallet.
The wallet signs transactions or messages at the user’s request.
🌐 Ecosystem & Usage
Supported Wallets: MetaMask Mobile, Trust Wallet, Rainbow, Argent, Ledger Live, and over 170 others.
Used by dApps like Uniswap, Aave, OpenSea, and more.
Adopted for Web3 use cases like DeFi, NFTs, DAOs, and GameFi.
🔄 WalletConnect v2 (latest)
Multi-chain support in a single session.
Improved reliability.
