Review on Ethereum by Alexander Gerardo Medina Ortiz
85/5000 The 1,000 WBTC minted today on Ethereum dwarfs the entire Lightning Network
A single transaction today has created more Wrapped Bitcoin on the Ethereum network than the total amount of BTC stored on the Lightning Network.Today.
1,000 Wrapped Bitcoin (WBTC) were minted on the Ethereum (ETH) network, a single transaction that represents more value in US dollars than the entire Lightning Network.
This brings the total amount of Bitcoin stored in the WBTC tokens to 2,300, compared to the approximately 927 Bitcoin (BTC) stored on the Lightning Network.
Here's why exchanges haven't integrated Bitcoin's Lightning Network
According to DeFi Pulse decentralized financial data aggregator, the USD value of wBTC is USD 20.7 million, making it the eighth largest decentralized financial protocol (DeFi).
Pros
- In a short time its price will rise and it will be as valued as it is now BTC
Cons
- Many people still don't know much about cryptocurrencies
