WalletConnect is an open-source protocol that connects decentralized cryptocurrency wallets (such as Trust Wallet or MetaMask) to decentralized applications (dApps) in a secure and seamless manner.
🔑 Key functions of WalletConnect:
1. Connection between the wallet and decentralized applications:
• WalletConnect allows you to connect your wallet to DeFi applications, NFT marketplaces, or blockchain games without having to enter your recovery phrase or private key.
2. Security:
• The connection is made through a QR code or an encrypted link, which maintains user privacy and the safety of their funds.
3. Support for multiple transactions:
• You can sign and track transactions from your phone while interacting with dApps from a different device such as a laptop or tablet.
4. Support for multiple wallets:
• Compatible with a wide range of wallets, such as: Trust Wallet, MetaMask, Rainbow, Argent, and more.
⸻
📱 Practical Example:
When you enter a decentralized trading platform like Uniswap from your computer, you can choose "Connect Wallet", then scan the QR code using the Trust Wallet app via WalletConnect to link the wallet to the platform.
⸻
📌 Summary:
WalletConnect = A secure way to connect your decentralized wallets to blockchain applications without sharing your private keys.