Review on Wrapped Bitcoin by erdi yılmaz
Mutant Bitcoin
There are many DeFi projects running on the Ethereum network. This resulted in market leader Bitcoin not being included in DeFi. WBCT, which is equivalent to Bitcoin, was created as a solution to this problem. WBCT is the version of Bitcoin that can be processed on the Ethereum network. So 1 WBTC is an ERC-20 Token worth 1 Bitcoin. WBCT provided DeFi with an enormous flow of liquidity.
It is listed on popular exchanges such as WBCT, Binance, and Bitfinex.
I think this project is really a very valuable project. Because I don't have to trade my bitcoin for other coins to participate in DeFi projects. I both found the opportunity to participate in lucrative projects and continued to invest in Bitcoin, which I believed would not decrease its value. Thanks to WBCT, I will have the chance to invest in ERC-20 projects that may emerge in the coming months.
Pros
- provides high processing speed
- Listed on quality exchanges
- offers flexible usage opportunity
Cons
- there is no problem right now
