WalletConnect is an open-source protocol that connects decentralized cryptocurrency wallets (like Trust Wallet or MetaMask) to decentralized applications (dApps) in a secure and seamless way.
🔑 Key functions of WalletConnect:
1. Connection between wallet and decentralized applications:
• WalletConnect allows you to connect your wallet to DeFi applications, NFT markets, or blockchain games, without the need to enter a recovery phrase or private key.
2. Security:
• Connection is made through a QR code or encrypted link, which maintains user privacy and the safety of their funds.
3. Support for multiple transactions:
• You can sign and monitor transactions from your phone while interacting with dApps from a different device like a laptop or tablet.
4. Support for multiple wallets:
• Compatible with a wide range of wallets, such as: Trust Wallet, MetaMask, Rainbow, Argent, and others.
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📱 Practical Example:
When you access 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 your wallet to the platform.
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📌 Summary:
WalletConnect = A secure way to link your decentralized wallets to blockchain applications without sharing your private keys.
#WaletConnect @WalletConnect #wtc $WTC $WTC