Review on Wrapped Bitcoin by José A Rodríguez
Wrapped Bitcoin: Becoming Scalable Through a Solid Hybrid Integration
Wrapped Bitcoin is a kind of mixed blockchain project that is offering beyond innovation a new sense of trading where the alliance occurs between Bitcoin and Ethereum. It means that the company provides the best of finances that are managed in the Bitcoin network, but all values in tokens are represented by the ERC-20 feature. This project is taking great advantage of the current status of several networks in the marketplace because it is one of the little that really offers a motor of liquidity.
The actions of this blockchain look for making the network operative to have a solid exchange of Bitcoin into the ERC-20 feature. Moreover, the project looks for making the Ethereum network even more operative of what it already is and improving all different channels of commerce to integrate open access to wallets, exchanges, and mining pools.
Something I dislike about it is that despite all the features, the platform is not really effective. First of all, the team hasn't finished the project. The roadmap is not as solid as it must be, and the digital content is limited. Users think there is a lack of information there. Secondly, it counts with a great team of merchants, but there is not open access to their networks, which makes, sometimes, difficult to find responsible content.
After all, Wrapped Bitcoin is a network that promises a lot and it deserves an opportunity after all. It will be great to see how it becomes scalable and practical for all usages. It was built for diverse areas, but traders are the main ones that will obtain benefits from it.
I just can say that it requires development, but I recommend it to explore until making the content so adaptable to the services users are looking for to satisfy their financial needs.
Pros
- Great design and the attractive idea of development through a hybrid integration in the Ethereum network with financial activities coming from Bitcoin.
- It provides a new age of trading where all channels are directly connected to the ethereum network.
- It has great flexibility, and it is practical to explore the content released on it. Besides, it has integral responses to the partners that the company received.
- The company was developed and founded by a great organization composed of diverse teams.
Cons
- The website is still outdated in the content it offers. The platform really requires management and development.
