Officially Support WalletConnect
We are pleased to announce that we, BOXTradEx, officially support WalletConnect and can use six blockchains such as Polygon, BSC, Avalanche, Ethereum, KLATN, and PlatOn.
You don’t need to operate cumbersome programs yourself, just register a BOXTradEx account, you can easily log in to different games and different blockchains, and enjoy the adventure of the metaverse!
- What is WalletConnect
WalletConnect is an open source protocol that provides a point-to-point secure encrypted connection and allows your wallet to connect and interact with DApps and other wallets by scanning a QRcode or clicking on a deep link. WalletConnect allows users to interact with any DApps without compromising the security of their private keys and can receive notifications of incoming transactions on mobile devices.
WalletConnect basically focuses on allowing users to interact with DApps on the web without having to install a Metamask. Instead, the users can directly use mobile wallets to connect to DApps on various web pages. In this way, key management can be completed on the device, and at the same time, scanning the code to log in is more in line with the habits of users who generally use the Internet.
- Play GameFi with Wallet Connect
- The principle of WalletConnect
What WalletConnect does for wallets and DApps is similar to what TCP/IP does for web technologies and web applications.
All of the network technologies provide bandwidth, but combining them is very difficult because each network has different interfaces, packet sizes, conventions, and transfer rates. It means that applications built for one network technology cannot easily be used for another network technology.
If we consider the ecosystem as a two-way market for supply (bandwidth) and demand (applications), the original internet faced a cold start problem. New network technologies must be designed for differentiated use cases. TCP/IP emerged and unified this ecosystem. Its minimalist, unassertive nature makes the protocol universal across applications based on it and the technologies that support it.
Likewise, by acting as a minimalistic, opinion-free protocol, WalletConnect tells any wallet and any DApp how to communicate with each other. WalletConnect fosters innovation on both sides by decoupling the DApp ecosystem from the wallet ecosystem, allowing the two markets to grow independently while exposing the highly diverse and competitive wallet market to the highly diverse and competitive DApp market.
1.Wallet developers can enter the market and know that no matter how differentiated their product is, their users can still connect to the existing DApps ecosystem immediately.
2.DApp developers have access to a wider user base, not just those using browser extensions, but also any wallet on any platform.
3.Users have multiple options to choose the wallet that best suits the DApp they want to interact with. Regardless of their wallet preferences, they can access DApps similar to how users access email using Wifi, 5G or LAN.
Although WalletConnect is most commonly used to connect browser DApps to mobile wallets, it is platform-agnostic as it facilitates not only desktop-to-mobile, but also mobile-to-mobile and desktop-to-desktop connections.
BOXTradEx is a one-stop crypto platform for GameFi, game players, and guilds, providing the Gamefi portal for web3. We support NFT API service, crypto exchange, NFT marketplace, wallet, and Guild DAO tool.
[How to Start with BOXTradEx]