walletconnect

WalletConnect provides a full web3 experience

The protocol is already available in Klever Wallet and it enables you to connect your wallet with various dapps

Connection is what brings us together. The word ‘connect’ may seem redundant nowadays, but the word became more popular as technology and the digital age became more common in our daily lives.

To put it another way, connection means bond. Furthermore, being strong and solid means that everything becomes easier and more practical. 

However, what is the benefits of connection in an age of decentralization?

As we all know, while web3 unfolds right before our eyes, decentralized solutions become a necessity. We have never had such important data before, and web2 seems so “fragmented” because it was designed that way.

In a 2021 Blockchain Research Institute paper, Alex Tapscott reviews the problems of web2 – where we are currently “living” in and migrating from. 

“Banks, as well as social media companies and Internet service providers, are gatekeepers that exclude many people”, says Tapscott in the paper. 

To exemplify, Tapscott cites videogames where every time we buy a new game in the market, we have to purchase the game’s digital goods from scratch.  A developer can only leave us helpless if he or she wants to change the game code one day.

“We rent our identities because every time we log onto a new service, we share personal information about ourselves. Our identities are not owned by us but by the digital conglomerates and other third parties who have access to it. They monetize it, reaping vast rewards, while we get bread crumbs”

-Alex Tapscott, Blockchain Research Institute

With web3 and blockchain technology this is about to change. We are entering into a collaborative and wider concept of connectionBlockchain itself means connection. The chain is what bonds one block to another and no validator can work on their own – we all need each other in this new and decentralized world. 

In the paper, the institute also brings to us an example of how blockchain changes this perception in a practical way through peer-to-peer technology. 

“Digital bearer assets, commonly referred to as tokens, enable us to hold and port valuable digital goods from platform to platform online. These goods can be currencies, securities, and other financial assets as well as collectibles, intellectual property, identities, and the as-yet unimagined”

-Alex Tapscott, Blockchain Research Institute

See? This is how much connection is important inside the web3 concept and how everything about it is related to those links. So, it is fair to say that in order to have a decentralized ecosystem, you have to provide a way to connect more – to be more integrated with the possibilities. 

That’s when protocols like Wallet Connect are developed. 


What is Wallet Connect

WalletConnect is an open protocol that enables Wallets and Web3 Apps to communicate securely.

This means that by using this protocol, apps or devices can establish a secure remote connection to Klever Wallet

And this happens in two ways: either on the Desktop, on the dApp website, or inside the Klever Browser. Remember it? 

Klever Browser

Klever Browser is a feature of the Klever Wallet where you can use the Wallet Connect protocol as well as other featured decentralized applications – or dapps if you will. 

In other words, it’s the ideal browser where you will be able to “integrate” your blockchain-secured data amongst your favorite Dapps – such as Devikins and Kusama, for instance. 

How does Wallet Connect work?

We all know by now that peer-to-peer technology is the root of the blockchain’s “communication” between the nodes. 

So, with the Wallet Connect technology, keys are shared between the two peers where these payloads are symmetrically encrypted. 

In a practical way, when one peer displays a QR Code or deep link with a standard Wallet Connect URI – a Universal Resource Identifier (URI), which gives each domain a name in the www world – and the other peer approves this request, the connection is finally established.  

Some of the examples of networks supported by Wallet Connect are:

  • Ethereum
  • Binance Smart Chain
  • Huobi Token
  • Polygon

With Wallet Connect you can:

– Make transactions in Dapps such as OpenSea, Rarible & Zoa (NFT Marketplace)

– Uniswap (swap)

– Decentraland (Metaverse)

– Impossible Finance

– And much more

How to use Wallet Connect via Desktop Browser and Klever Wallet

Step 1: Go to the Settings Menu in your Klever Wallet

Step 2: Select the “Wallet Connect” option 

Step 3: You’ll be able to scan the QR Code or insert the connection code by clicking on the pencil below the camera.

Step 4: Click on ‘Next’ and then on ‘Connect’ 

Step 5: Once you’re done, you’ll be able to connect your Klever Wallet to the account you chose to connect with. 

How to use Wallet Connect Dapps via Klever Browser

Step 1: Tap on the Browser icon in the Menu Bar

Step 2: Tap on the Wallet icon in the bottom-right corner 

Step 3: Select the Blockchain you want to connect with, then tap on the desired Account

Step 4: Tap on the Search field and enter the URL of the dapp 

Step 5: Tap Connect Wallet to enable connection to your specific blockchain account. 

#KleverInsight: How to use #Klever Browser to access Web 3

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Disclaimer: This article is for informational purposes only. The information does not constitute an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Klever.Finance does not provide financial, tax, legal, or accounting advice. There is no responsibility on the part of the company or the author for any loss or damage arising from or related to the use of or reliance on any content, goods or services mentioned in this article.

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