WalletConnect- A Useful Tool For Web 3.0 Sports Betting With Dexsport

WalletConnect is a Web 3.0 open-source protocol that serves as a connection for decentralized applications. Users like you and us who love to explore decentralized platforms need WalletConnect since it allows us to interact with these DApps.

We know that traditional payment methods do not work on Web 3.0 platforms. WalletConnect is a savior for us in this aspect. Equipped with high security, WalletConnect can be used to connect with many Web 3.0 applications like online casinos, exchanges, and Web 3.0 based services like our platform - Dexsport. Let's explore more about this tool in terms of betting.

As the name suggests, you might think WalletConnect is a type of wallet like MetaMask. However, this is not the case. You can think of WalletConnect as more like a protocol that helps form a secured and encrypted connection. This connection is formed between DApps or between wallets and DApps.

So the question is, how secure is this connection? The encryption is symmetrical as WalletConnect generates two keys for the two connecting peers. Then, the user is asked to establish the connection by scanning a QR code or deep link. One person sends the QR code, and the other person scans it. As you can imagine, WalletConnect is exceptionally user-friendly.

The use cases of WalletConnect are increasing along with the popularity of Web 3.0. Users have started using DApps extensively. For example, sports betting sites are in huge demand right now. To enable a secure connection that helps transfer funds, WalletConnect is the ultimate solution. Some other highlights of WalletConnect include:

You can use WalletConnect on your desktop, smartphone, tablets, etc. WalletConnect is supported by multiple browsers, DApps, gaming applications, etc. This has boosted the user base of WalletConnect since people using various platforms can opt for WalletConnect.

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.

The option to integrate multiple chains at the same time is also available. Hence, you can connect your wallet with more than one chain simultaneously. Thanks to WalletConnect, the connection established is still as smooth as possible.

Connecting MetaMask to the Dexsport platform makes it flawlessly easy to perform transactions and do betting. If you are not a tech nerd, follow these simple steps to connect MetaMask to your Dexsport account.WalletConnect has emerged as a blessing for bettors and players in the gambling industry. The secure, seamless connection eliminates any risk while playing on these platforms. Dexsport is based on Web 3.0 as well. Hence, it is super easy to connect your wallet with Dexsport and start betting. The simple user interface and user-friendly platform of Dexsport allow even a newbie to explore the platform without complications.

As mentioned before, you can use WalletConnect on both your smartphone and PC. The steps involved are a bit different but relatively easy. There is one prerequisite before you follow the steps. It would be best to use a wallet that supports WalletConnect, such as TrustWallet, MetaMask, or Argent.

Let's look at the exact process of connecting your wallet with your decentralized application using WalletConnect.

Go to the decentralized finance application you want to connect to your wallet. Here you need to open Dexsport. Next, look for the "Connect" option. On Dexsport, the connect button is visible in the top right corner.

Assuming that you have been using the Dexsport website on your PC, click on the “Connect” button. A list of options opens up, showing you the wallets and protocols to connect. You have to select WalletConnect from this list.

After selecting the option of WalletConnect, a QR code will pop up via a push server notification. Scan the QR code using your mobile wallet, which must support WalletConnect.

Open up a mobile device wallet (for example, MetaMask) on your smartphone. Head over to the settings section of the wallet and click on the WalletConnect option. The QR code scanner will open up, which will allow you to scan the QR code on your computer screen.

After you have scanned the QR code, a pop-up will appear. This will ask your permission to finalize the connection between the wallet and DApp. In this case, you have to approve the connection between Trust Wallet and Dexsport.

Now, the connection has been made. If you want to disable the link, press the cancel button on the screen to disconnect it.

Let's assume you don't have a computer right now. You can also connect a DApp with your wallet using your mobile phone alone. Here, you have to rely on the mobile phone's browser. The steps involved are the same as on the computer. However, a QR code will not be shown in this case.

You will be asked to choose a wallet, where you can select the wallet you are using. The following process will be the same as from step 5.

You can confirm transactions by using the deposit or swapping option depending on which DApp you are using. Enter the transaction details on the DApp and approve it. That's all you need to do on the DApp platform.

Now, you have a good idea about WalletConnect and its functions. Let's look at the advantages and why you should rely on WalletConnect for your Web 3.0 connections.

You don't need to download another software or app to enjoy the features of WalletConnect. If you are overwhelmed with using too many apps or extensions, WalletConnect is the right choice. All you need to do is choose WalletConnect on your DApp and wallet while doing the transaction. Hence, there is no need for a WalletConnect Chrome extension or website.

Any online tool feels incomplete without the option to use it on your smartphone via mobile apps. Hence, WalletConnect offers a mobile application. That means you can download the WalletConnect Android app on your Android devices. You also get an application for iOS devices. Hats off to the multi-platform support system of WalletConnect. WalletConnect stands out when it comes to convenience and ease of use.

WalletConnect is simple to use, even for new users who are not tech-savvy. The steps discussed above about using WalletConnect are pretty easy to follow. You do not have to worry about coding knowledge or complicated settings. The ease of choosing WalletConnect to form a connection between your wallet and DApps makes it very user-friendly.

The most significant advantage of using WalletConnect is that you enjoy all the features at no cost. Being an open protocol, WalletConnect is a free software with no hidden charges whatsoever.

WalletConnect is a decentralized protocol made for Web 3.0 applications. This is why it is compatible with most decentralization applications and wallets.

The highly secured framework of WalletConnect ensures that the connection is hackproof. Thanks to the Web 3.0 security. All the transactions via WalletConnect are encrypted without any risk of being hacked. However, you must double-check the details before confirming a transaction. A single wrong move can cost you losing your funds.

Being an open-source platform, everyone is welcomed to contribute to the development of WalletConnect. This promises regular updates and a collaborative effort from developers worldwide to improve WalletConnect over time.

You don't need to worry about security and connection confidentiality when it comes to WalletConnect. WalletConnect's connection process involves the generation of private keys. This key is only provided to one end who can send it to another end for approval. However, there always remain some risks in using online tools if you are not careful. Below are some steps to ensure complete safety while using WalletConnect.

It's not surprising how hackers create fake versions of popular websites. These websites are a clone of the real ones and are almost indistinguishable. Hence, if you do not pay attention, you might be transferring funds into a hacker's wallet. We suggest that you should carefully cross-check the URL and DApp platform before initiating a transaction request.

Alternatively, you can transfer a small amount into the DApp and try using it. You may also check if the withdrawal system is working. Only after confirmation, go ahead with transferring a significant amount of funds. Do not forget to bookmark the correct version of the DApp website you use.

It's human nature to go with the flow, which causes us to approve unchecked transactions. Using WalletConnect is indeed straightforward. However, you must cross-check all transaction details before approving. This will take a few extra minutes on your part but will ensure that your tokens are transferred to the correct address.

Some DApps often encourage users to maximize the number of tokens and do multiple transfers while depositing. This is good for their business and also improves the transaction experience. However, you do not want your wallet to be left empty. Such instances often make users panic and make wrong decisions.

You need to pay attention to the number of transfers and tokens you approve during a transaction. Some wallets, by default, inhibit multiple transactions, but it is better if you remain cautious on your part.

Users often forget to disconnect the link after the transaction is over. This is potentially a threat to your funds. If any of your devices fall into the wrong hands, anyone can use this connection to transfer funds without your permission. Even the encrypted connection and private key will not help you as the trespasser has access to your devices.