The Bitcoin.com The team is excited to announce its Ethereum-based support DApps In the Bitcoin.com Wallet via WalletConnect. Earn interest on your crypto assets, trade using decentralized exchanges, participate in the NFT markets and more.
What is WalletConnect?
WalletConnect is a bridge that connects securely DApps to cryptocurrency wallets. Once the connection between your wallet and the DApp is approved, the DApp can send transaction requests to your wallet, which you must then approve or reject. You can find more information about WalletConnect Here.
How to call DApps in a file Bitcoin.com Wallet?
Simply go to any DApp website, locate the Connect or Login button, and select WalletConnect as the connection/login method. This brings up the QR code and link.
then in Bitcoin.com Wallet, tap the QR code icon on the home screen and either scan the DApp’s QR code, or paste the link.
Once you confirm via Wallet, you will be connected to the DApp. This will enable DApp to see the contents of a file Bitcoin.com Ethereum wallet and to send you transaction requests, which you initiate (via the DApp website) and approve or decline (via your wallet).
You can also connect to DApps using WalletConnect with Desktop / Web version subordinate Bitcoin.com Wallet.
What can DApps do?
While in theory, DApps can do just about anything that traditional applications can do, the current processing limitations of decentralized networks such as Ethereum It means that DApps are primarily used for money related activities. Borrowing, Lending, Exchange, and Derivative use cases make up what is often referred to as DeFi (Decentralized Finance). Popular DApps include in this category UniSwapAnd Sushi Swap, And complex – and the Bitcoin.com Wallet supports native tokens for all these DApps. Recently, such as NFT markets open sea And very rare DApps are becoming popular. Here, you can buy and sell NFT-based artwork and collectibles, some of which incorporate motifs. You can browse recommended DApps in File Bitcoin.com Discover tab in the Wallet app or find an extensive list Here.
Is connecting to DApps secure?
Using WalletConnect to connect to DApps is secure in the sense that it creates a secure (encrypted) connection, with your consent, between Bitcoin.com Wallet and DApps of your choice, and do not reveal your private key. In other words, when connecting to a DApp via WalletConnect, it is impossible to spend the money in your wallet without your consent. However, anytime you (intentionally) send crypto assets to a smart contract, there is be Risks. This is shown Here.
What then?
Bitcoin.comIn line with its vision to support economic freedom, it will roll out more DApp-related features over the coming months. You can sign up for notifications Here, and we followed Twitter And Instagram.
photo credits: Shutterstock, Pixabay, Wikicommons
