The Evolution of the Blockchain.com Wallet: Introducing WalletConnect v2.0 for DApp Interaction

The Evolution of the Blockchain.com Wallet

From the start, we built the Blockchain.com Wallet to provide you with an easy process to access to crypto without compromising control or ownership of your digital assets.

This started by giving you an easy way to buy, sell, and self-custody Bitcoin. Today, the Blockchain.com Wallet is arguably the most popular way to access Bitcoin, accounting for one third of all on-chain transactions.

We then expanded across chains, giving you a single place to manage over 1,000 different assets including over 99.9% of those available on the Ethereum network.

Earlier this year we launched the only crypto app you’ll ever need; providing the ability to host custodial and non-custodial funds in one place.

In April 2022 we introduced WalletConnect V1, a gateway to Web3 and all its potential. Today, we’re taking the next step in the journey…Wallet Connect V2.

What is WalletConnect? 

WalletConnect is a protocol that lets you interact with Decentralized Applications (DApps), opening up exciting new use cases for your crypto. For example, with WalletConnect, you can:

• Buy and sell NFTs on marketplaces like OpenSea

• Trade crypto peer-to-peer using Decentralized Exchanges (DEXes) like Uniswap and SushiSwap

• Earn yields from your digital assets using Decentralized Finance (DeFi) protocols like Aave and Compound

• Buy virtual land in the Metaverse using protocols like Decentraland

Since DApps are built on a blockchain, they have many of the same characteristics and benefits as cryptocurrencies: they’re peer-to-peer, transparent, and censorship-resistant.

WalletConnect v2.0: What’s new?

The main features added to the WalletConnect v2.0 protocol are:

• Chain Agnostic Interface

• Multi-Chain Support

• Pairing & Session Separation

• JSON-RPC Permissions

• Improved Session Management

• Decentralized Message Relaying

How to Use WalletConnect

WalletConnect is currently available in the Blockchain.com Wallet iOS and Android apps, with support for web browser coming soon.

1. Go to your favorite DApp.

2. Connect using WalletConnect. A QR Code will appear.

3. Open your Blockchain.com Wallet app.

4. Tap on the QR Code Scanner icon on the top of the Home screen.

5. Scan the QR Code that WalletConnect provided you.

6. Tap Confirm and OK.

7. You’re now connected!

Once connected, you’ll be able to interact with the DApp using your Blockchain.com DeFi Wallet.