The Ethereum blockchain is a distributed ledger system designed to create decentralized applications. One of its main goals was to facilitate money transfers and get rid of intermediaries during transactions in global financial systems. One of the cofounders of Ethereum is Anthony Di Iorio.
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26.05.2023
Wrapped Bitcoin (WBTC) is a cryptocurrency that is Bitcoin (BTC) on the Ethereum blockchain. It is an ERC-20 token and aims to bring the liquidity and functionality of Bitcoin to the Ethereum ecosystem. WBTC is backed by a 1:1 ratio with Bitcoin, which means that for every WBTC token there is an equivalent amount of Bitcoin held in reserve by custodians.