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What is WalletConnect?

WalletConnect is an open-source protocol designed to enable secure communication between decentralized applications (dApps) and mobile crypto wallets. It allows users to interact with dApps without exposing private keys, by scanning a QR code or using a deep link. WalletConnect is widely used in the blockchain space for DeFi, NFTs, and other decentralized services, as it bridges the gap between mobile wallets and dApps.

note
WalletConnect has rebranded to ReOwn

Key Features​

  • Secure Transactions: WalletConnect ensures that private keys are never exposed to the dApp, providing an extra layer of security.
  • Multi-Platform Support: WalletConnect can be used on both mobile and desktop devices, allowing seamless integration across platforms.
  • Wide Wallet Compatibility: It supports numerous popular wallets, including Trust Wallet, MetaMask, and Gem Wallet too.

Connect WalletConnect a Wallet Screen

How WalletConnect Works​

  1. Choose a dApp: Start by visiting a decentralized application that supports WalletConnect.
  2. Connect via QR Code: Select the WalletConnect option on the dApp, which will display a QR code or deep link.
  3. Use Your Wallet: Open your mobile wallet, select the WalletConnect feature, and either scan the QR code or follow the deep link.
  4. Approve Transactions: Once connected, you can approve or reject any transaction directly from your wallet.

Copy WalletConnect QR Code Confirm Connection

Benefits of WalletConnect​

  • Increased Security: Private keys are kept within the wallet, ensuring that they never leave the user’s control.
  • User-Friendly: By using a QR code or link, WalletConnect simplifies the process of interacting with dApps.
  • Cross-Wallet Flexibility: It works with various wallets and platforms, ensuring that users aren’t limited to a single wallet provider.

WalletConnect Use Cases​

  • Decentralized Finance (DeFi): Users can connect their wallets to DeFi platforms to lend, borrow, or trade assets without compromising security.
  • NFT Marketplaces: WalletConnect allows seamless interaction with NFT platforms, making it easy to buy, sell, and manage NFTs.
  • Gaming: In blockchain-based games, WalletConnect can be used to securely manage in-game assets.
tip

Gem Wallet allows DeFi Swaps and NameRegistration via WalletConnect.

WalletConnect is an essential tool for anyone looking to securely interact with decentralized applications, offering convenience, flexibility, and heightened security for crypto users across platforms.