Once, I was discussing a new project in a group, and when the topic shifted to 'how to connect wallets', one of the older members bluntly said: 'You’re not still importing private keys, are you? Quickly use WalletConnect, it’s hassle-free!'

At that moment, I suddenly realized that wallet connections were no longer just for geeks; even my mom could scan and play DeFi. The underlying infrastructure of wallet connections is quietly changing the way the entire on-chain world is accessed.

Do you think wallet connections are mysterious? Today, let's discuss this on-chain entrance infrastructure in a soft-core way, to see what magic it holds. Let's dive in! ⬇️

1. The past and present of wallet connections: 'From private keys to QR codes, the experience has improved immensely.'

Let me throw out a question: do you remember how you felt the first time you logged into a DApp with a wallet?

I remember back then, importing private keys and mnemonic phrases made me nervous that my assets would drop to zero with a single mistake. Later, the MetaMask extension improved the experience a bit, but it still had a 'programmer vibe'.

After WalletConnect appeared, it directly brought 'QR code login' into the on-chain world. You open a DApp, a QR code pops up, and with a scan from your mobile wallet, you connect securely, quickly, and effortlessly. It's just like scanning a QR code on WeChat to order takeout; even novice users can get started in a second.

2. What is the essence of WalletConnect? 'The universal socket of the on-chain world.'

What is WalletConnect? In one sentence: it is the 'super adapter' between DApps and wallets. You can think of it as a 'universal socket'; whether you use imToken, MetaMask, or Fox Wallet, as long as it supports WalletConnect, you can seamlessly connect to various DApps.

Its underlying logic is actually quite simple: the DApp generates a connection request, and after the wallet scans and agrees, both parties communicate securely through an encrypted channel. Users do not need to expose their private keys, making assets safer and the experience smoother. It's like bringing a universal socket to a coffee shop; you can charge anywhere without worrying about 'incompatibility'.

3. Why is WalletConnect considered 'on-chain entrance infrastructure'? 'Without it, the DApp ecosystem cannot make progress.'

There's a saying in the crypto circle: the entrance means traffic, and traffic means value. As the infrastructure for the on-chain entrance, WalletConnect solves the long-standing issue of 'difficulty in connecting wallets and DApps'. Without it, the DApp ecosystem is like a shopping mall without a door; users simply cannot get in.

Now, almost all mainstream DApps, NFT platforms, and DeFi protocols support WalletConnect. It not only lowers the entry barrier for new users but also allows for seamless collaboration in a multi-wallet, multi-chain ecosystem. You can farm on Ethereum and then switch to Solana or BNB chain to continue surfing, with a completely enhanced experience.

4. The limitations and evolution of WalletConnect: 'Secure, easy to use, but there are pitfalls.'

Of course, WalletConnect is not omnipotent. For instance, some older versions of the protocol have security vulnerabilities, and users should pay attention to the source of links when scanning QR codes to avoid phishing sites. Additionally, compatibility between mobile and desktop versions sometimes fails, and the experience is still evolving.

However, the WalletConnect team has been upgrading the protocol and recently initiated a content mining collaboration with Binance Square, directly increasing exposure and user activity. The ecosystem is growing larger, and in the future, it might just become the 'Alipay QR code' of the on-chain world.

5. My bias: wallet connection infrastructure is the next traffic entrance 'Whoever controls the entrance controls the future.'

Rhetorical question: What will be the entrance to the future on-chain world?

Self-questioning: I believe that wallet connection infrastructure is the next big traffic opportunity. Whoever can achieve 'security + ease of use + multi-chain compatibility' to the extreme will become the super entrance to the on-chain world.

As the leader in this field, WalletConnect has established a strong network effect globally. However, competition will become increasingly intense, and who can laugh last will depend on who can continue to innovate while maintaining security standards.

Through this article, you can gain a basic understanding of the following knowledge:

  • What exactly is WalletConnect and how to use it

  • Why wallet connection infrastructure is important

  • The security and experience of wallet scanning (not)

  • Whoever controls the entrance controls the traffic code of the crypto world

#WalletConnect, $WCT @WalletConnect