1H
0.86%$535
24H
0.58%$362
7D
-3.15%$2 040
30D
-18.7%$14 400
Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.
WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.
WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
In this guide, we will delve into Worldcoin’s history, operation, criticisms, and the potential use cases the project aims to apply in the future.
Though the Lightning network is still under development it is already expected to bring great changes. The guide will tell you what the network represents itself and what this tech can offer to the crypto world.