Jul 18, 2022
Incorporating The WalletConnect Feature To Qredo Wallet and It’s Benefit To Users…
Today, accessing the world of DApps and it’s Varse possibilities ranging from Decentralized financial systems, gamings, trading on DEXs, farming, yields and NFT marketplaces etc all pass through an authorization "gateway" known as WalletConnect.
Qredonetwork, in it’s journey to providing the best of crypto services to it’s users has taken a step in including this feature in it’s Qredo Wallet to enable Qredonians get unlimited leveraging access via Dapps with WalletConnect.
DAPPS
A decentralized application(also known as a dApp or dapp) is a platform that enables users to engage in transactions directly with one another as opposed to relying on a central authority. It operates on a blockchain or peer-to-peer network of computers.
However, unlike traditional applications, DApps operate without human intervention and are not owned by any one entity, rather DApps distribute tokens that represent ownership. These tokens are distributed according to a programmed algorithm to the users of the system, diluting ownership and control of the DApp.
WALLETCONNECT
WalletConnect is an open protocol that lets you connect desktop DApps to mobile wallets using end-to-end encryption by scanning a QR code. It’s Web 3.0 open-source protocol serves as a connection for decentralized applications.
WalletConnect functions similarly like logging into your WhatsApp Web by scanning a QR code. It establishes it’s own connection between the NCW app and the DApp on your laptop or mobile device.
WalletConnect provides a solution for us as traditional payment methods do not work on Web 3.0 platforms. Equipped with high security, WalletConnect can be used to connect with many Web 3.0 applications like online casinos, exchanges, crypto wallets etc. Users like you and us who love to explore decentralized platforms need WalletConnect since it allows us to interact with these DApps.
Today, WalletConnect has an ever increasing use cases along with the popularity that Web 3.0. Users have started using DApps extensively. To enable a secure connection that helps transfer funds, WalletConnect is the ultimate solution. Some other highlights of WalletConnect include:
Multiple Platform Support
You can use WalletConnect on your desktop, smartphone, tablets, etc. WalletConnect is supported by multiple browsers, DApps, gaming applications, etc.
Multiple WalletConnect Compatible Wallet Options.
Whether you are using MetaMask or TrustWallet, WalletConnect has got you covered. You can enjoy seamless integration with over 75 leading wallets.
Great Variety Of Chains Supported
WalletConnect supports several chains. You might be working with Ethereum, Solana, Avalanche, and so on. You can still use WalletConnect while working with these blockchain networks.
How will users Benefit?
In an aim to build a strong foundation of robust, decentralized custody that enable institutions and individuals alike to securely manage digital assets, Qredonetwork has integrated The WalletConnect feature to it’s wallet which will enable you to trade, lend, and stake in DeFi directly from the security of your Qredo wallet.
Claim Your Spot Today!
Be one of the first to use the Qredo x WalletConnect feature - join the exclusive group of Qredonians and sign up for the earlyadopter program now…
About Qredo?
Qredo is a radical new blockchain infrastructure that delivers interoperability, lightning-fast settlement, and decentralized custody. It is becoming an open-source permissionless protocol operating beyond geographical boundaries.
Qredo solves several problems for digital assets, including security, settlement, and managing operations at scale for institutions.
