What Is Wrapped Bitcoin?

 

Definate-
         Wrapped Bitcoin is a  new concept, but 1 that could proves the important to a bringing the liquidity to a DeFi.
 
 

 

How Do WBTC Tokens Work? 

 
  •  use DeFi applications.
  • Find problem!
  • Is to cryptocurrency bridge connecting the Bitcoin and Ethereum.
  • WBTC is an ERC-20 token = backed  1:1 basis with Bitcoin.
  • When Bitcoin is wrapped, then cryptocurrency is   reserve by a BitGo Trust.
 
 
 
 
 
 

 

Leave a Comment

Your email address will not be published. Required fields are marked *