WalletConnect: A secure bridge for connecting cryptocurrency wallets and decentralized applications (dApps)

If you are dealing with cryptocurrencies and decentralized applications (dApps), you have definitely encountered WalletConnect. It is not a cryptocurrency in itself, but an open-source protocol that acts as a secure bridge allowing users to easily and safely connect their digital wallets (like MetaMask, Trust Wallet, and many others) to decentralized applications.

How does WalletConnect work?

WalletConnect works in a simple yet effective way:

* Scan the QR code or use a direct link: When you want to interact with a decentralized application (dApp) on your computer or phone browser, you will find the "Connect Wallet" option. When selecting WalletConnect, a QR code or direct link will appear.

* Secure connection: You scan this QR code using your digital wallet on your phone (or click the link if you are using the same device). An encrypted and secure end-to-end connection is established between your wallet and the decentralized application.

* Approving transactions: Once connected, you can start interacting with the decentralized application. But importantly, all transactions require your explicit approval from within your wallet. Your private keys or any sensitive information are not sent to the decentralized application or to WalletConnect servers.

Why is WalletConnect important?

walletconnect@WalletConnect