WalletConnect postponed the closing time of V1.0 to June 28
It is reported that WalletConnect, the Web3 communication protocol, announced that the closing time of WalletConnect V1.0 was postponed to June 28. WalletConnect announced in October last year that WalletConnect V1.0 will be deactivated, and recommended that Wallet and DApp be migrated to WalletConnect V2.0.
Interpretation of this information:
WalletConnect, the popular Web3 communication protocol, has announced that the closing time for WalletConnect V1.0 has been pushed back to June 28. This announcement comes after the company had initially disclosed plans to deactivate WalletConnect V1.0 back in October of last year. At that time, the company advised its users to migrate their Wallet and DApp to WalletConnect V2.0. But now, the company has decided to give its users more time to make this transition.
WalletConnect is widely used across different blockchain ecosystems, including Ethereum, Binance Smart Chain, and Polkadot. It’s a decentralized protocol that allows users to connect their wallets to decentralized applications without exposing their private keys. WalletConnect V1.0 was the initial version of this protocol, while V2.0 represents an upgraded and improved version with new features to support a broader range of wallets.
The decision to extend the closing time for WalletConnect V1.0 is likely to provide more time for users to adapt to the changes that have been introduced in V2.0. This is especially important given that the upgraded version comes with several new features, including support for hardware wallets and the ability to maintain state across the wallet.
In summary, the announcement from WalletConnect about the postponement of the closing time of WalletConnect V1.0 is significant for several reasons. Firstly, it shows that the company is committed to making the transition to WalletConnect V2.0 as smooth as possible for its users. Secondly, it provides users with more time to adapt to the changes that have been made in V2.0. Finally, it highlights the importance of protocols like WalletConnect in enabling smooth connections between decentralized applications and wallets.
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