WalletConnect is an innovative open protocol designed to enable secure communication between Wallets and decentralized applications (Dapps). This protocol uses bridge servers to establish remote connections between different applications or devices, transmitting encryption data.

During the communication process, the data payload is symmetrically encrypted using a key shared between both peers to ensure the security of information transmission. The connection is typically initiated by one party displaying a QR code or a deep link containing a standard WalletConnect URI, and the connection is completed once the other party approves.

It is worth mentioning that the protocol also includes an optional push server feature. This allows local applications to promptly notify users about the incoming payload related to the connection establishment, further enhancing the user experience.

As an important component of Web3 infrastructure, WalletConnect is continuously evolving and improving. With the expansion of its ecosystem, the protocol is providing connection support for an increasing number of decentralized applications, promoting the popularization and application of Web3 technology.

Although WalletConnect mainly serves the technical aspect at present, its importance to the Web3 ecosystem is self-evident. It provides users with a safer and more convenient way to interact with decentralized applications, and is expected to play a greater role in the future of digital asset management and decentralized finance (DeFi).