Everything you need to know about Wrapped BTC (WBTC)

in #cryptocurrencylast year (edited)


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You might have noticed new entry on CMC which is gaining traction and product of two major coins Bitcoin and Ethereum called Wrapped BTC.

Its ERC20 token residing on Ethereum blockcahin which is backed by real BTC. This could possibly help in providing more liquidity for decentralized exchanges because BTC pair are preferred most for trading. Transaction time is also significantly less in contrast with BTC.

Right now, many decentralized excahnged and dapps are using it like Ethfinex, Kyber, OX, IDEX, MakerDAO etc.

If SMTs are released and Bitcoin wrapper is made on Steem blockchain then it can have very positive effect on Steem price because you have zero fees and transaction time is almost instant.

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Btc is always Btc. It has make it's position.
Let's see in near future.

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That's true

@bluemist hello dear friend. unaware of the existence of WTC is the first time I hear.
Hopefully you can interest our blockchain that would be very interesting.
I appreciate the information a lot
I wish you a great day

Thank you

Hi, @bluemist!

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Hi @bluemist!

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