Review on Wrapped Bitcoin by Mohammad Shuja
Is WBTC worth anything?
The main objective of the project is to create the WBTC Curtain which is an ERC-20 blockchain Etherneun so that 1 WBTC is equivalent to 1 Bitcoin, that is to say, it is supported by bitcoin, how does this happen, if a person wants his or her bitcoin transferred and received 1 WBTC with the same value for Bitcoin that he or she gains with this, being actually on the ether transaction platform a that is why I'm saying it's a bitcoin that is camouflaged as the ether blockchain, which clearly will produce more liquidity for decentralized trade and the blockchain.
Pros
- In actuality, the function of WBTC is less free than it appears.
- The ability to convert WBTC to bitcoin.
- This is a great idea with a lot of potential applications.
Cons
- There is nothing to argue against.
