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26.05.2023

Wrapped Bitcoin (WBTC) Review: Creation History, Features, Applications

Education and Guides

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.

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What is WBTC?

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