Review on Wrapped Bitcoin by Mehmet Can Yıldız
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WBTC is one of the fastest growing conventions in the kyber network. As of late May 2020, cointelegraph announced that it had stamped 1000 WBTC in the ETH organization and raised all BTC-secured WBTC tokens to 2300. Then the framework behind this commitment is to print WBTC every time BTC is received and consume WBTC for every BTC. re-accepted.
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Although there is a concern about centralization in the ETH biological system as it contains a concentrated caregiver like Bitgo. In light of the fact that all we need to store WBTC is a simple ERC20 wallet, WBTC is somewhat more user-friendly. This initiative likewise provides space for only those who own BTC to participate in the DeFi Revolution.
Pros
- safe application
- fast
- support line advanced
Cons
- needs to improve
