Wrapped Bitcoin
Index
WBTC Coin price today
Technical Analysis
Information about Wrapped Bitcoin (WBTC)
Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin on the Ethereum blockchain. It is backed 1:1 by Bitcoin, meaning that for every WBTC token in existence, there is an equivalent amount of Bitcoin held in reserve.
WBTC allows Bitcoin holders to interact with decentralized applications (dApps) and smart contracts on the Ethereum network, as well as participate in the DeFi (Decentralized Finance) ecosystem. By converting their Bitcoin into WBTC, users can benefit from the speed and low fees of the Ethereum network, while still maintaining exposure to the value of Bitcoin.
Overall, WBTC serves as a bridge between the Bitcoin and Ethereum ecosystems, enabling greater interoperability and expanding the use cases for both cryptocurrencies.
Frequently Asked Questions
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