Review on Wrapped Bitcoin by Bagul A
The idea of Wrapped Bitcoin is to make bitcoin more stable in order to control the liquidity of bitcoin.
In order to free up the value of Bitcoin, which is covered in traditional US dollars, the amount of stable coins is equal to 1: 1 with virtual btc. .
With the facilitation of the simplified security convention as an ERC20 token on the Ethereum network, the rapid exchange is recorded by the WBTC, and on many trading platforms customers can be exchanged with points of exchange closer to the decentralized trading stage.
As a symbol of ERC20, WBTC in the airline has been developed to meet its similarity with bitcoin, and has been introduced to exchanges and exchanges in a decentralized organization
In order to expand liquidity in the decentralized trading phase, WBTC has been integrated into the ether organization to assist in the huge exchange rate in DEX and to provide a direct phase where crypto customers can exchange in DEX.
- It is supported by various prominent businesses and the trading process
- Large quantities are traded with existing sets for replacement
- WBTC is not for now
