#walletconect

WalletConnect is an open-source protocol that serves as a secure bridge between crypto wallets and decentralized applications (dApps) — allowing you to interact with DeFi platforms, NFT marketplaces, and smart contracts without exposing your private key.

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🔍 What is it and how does it work?

Launched in 2018 by Pedro Gomes, WalletConnect connects users and dApps through QR codes or deep links, creating encrypted connections with TLS/end-to-end encryption, keeping private keys on the user's device.

Once connected, transaction requests from the dApp are forwarded to your wallet for approval — without any exposure of confidential data.

📈 Why use WalletConnect?

Compatible with over 500 wallets (MetaMask, Trust Wallet, Rainbow, Ledger, etc.) and more than 6,000 dApps across over 150 blockchain networks (Ethereum, Solana, Cosmos, Binance Smart Chain, and others).

Provides interoperability between devices: connect desktop dApps with your mobile wallet using just a QR code.

Used by millions of users and hundreds of thousands of applications, being a fundamental part of the global Web3 infrastructure.

🏗️ Evolution: WalletConnect Network & decentralization

Now, WalletConnect acts as an on-chain UX network, with over 70,000 integrated applications and more than 300 million connections to date.

It is transitioning to permissionless and decentralized infrastructure, operated by various independent nodes, reducing risks of censorship or central failures.

The WCT token (WalletConnect Token) was launched to facilitate governance, staking, and incentives for node operators and network contributors.

⚠️ Security and precautions

WalletConnect itself is secure, as it never asks for your seed phrase and uses encryption to keep data protected.

However, there are fake sites and apps that mimic WalletConnect asking for private data — be cautious with suspicious links or apps. Never provide your recovery phrase.