The field of cryptocurrency is completely different and filled with specific features and mechanisms for effectively managing tokens. WalletConnect is one of these amazing options. What is WalletConnect, and how can it be utilized correctly? All questions will be answered in this article.

What is WalletConnect?

WalletConnect is an open-source standard that allows digital wallets to connect to decentralized applications (dApps). Additionally, sometimes WalletConnect can be fully linked to a decentralized communication layer for the next generation of internet technology that relies on machine learning, artificial intelligence, and blockchain technology (Web 3).

WalletConnect is used to simplify the integration of cryptocurrency wallets and decentralized applications, providing a simple connection that facilitates business operations. Thanks to its innovative mobile linking technology, WalletConnect enables seamless connectivity between cryptocurrency wallets and decentralized applications.

WalletConnect is a completely innovative option, even today, due to its specific use of shared keys. In fact, the shared key is the working basis of WalletConnect; with its assistance, WalletConnect establishes an encrypted connection, facilitating interaction between dApps and compatible wallets.