YSK: 99% of web3 has a single censorship prone bottleneck – WalletConnect
Although we all love the idea of a decentralised world , pretty much every project is using WalletConnect.
Now while I politically agree with their censorship of some applications/IP address ranges it still remains an ever looming reminder that if tomorrow they decided to delete their whitelist or inversely blacklist 0.0.0.0/0 almost all dApps would come to a standstill.
Although WalletConnect is opensource , you need to remain cognisant of
- It's not an open standard protocol
- They control what is supported by each chain
- They can effectively play kingmaker by restricting access
submitted by /u/segap
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