Review on Wrapped Bitcoin by Maximiliano Aquino
Wrapped Bitcoin
Bitcoin Wrapped is an ERC-20 token tracked in 1: 1 with Bitcoin. What's innovative about this token? The fact that we can have a greater range in its liquidity, as it takes BTC to the ETH network, was developed for the commercial public, institutions and developers of Dapps. It has an advantage of being traded not only on centralized exchanges but also on DEXs. I even see a function for the WBTC, because it is a token that deflates over time and because it is paired with BTC, its price is very promising. We have already found it listed on several Cex and DEx exchanges, which raises the commercial potential of the WBTC.
Pros
- WBTC is paired with BTC
- its liquidity is wide and very high
- listed on many exchanges on the market
Cons
- I have no negative point
