Review on Wrapped Bitcoin by RODRIGO REIS
Wrapped Bitcoin is on the right way to become a great success
Wrapped Bitcoin(WBTC) is a MIX of the Bitcoin (BTC) and Ethereum (ETH). The token runs on the Ethereum node. WBTC is an ERC-20 token that represents 1 bitcoin. The project is very interesting, Because it brings great liquidity to decentralized exchanges.
WBTC token is on the right way to become a great success
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Pros
- Wrapped Bitcoin is a project developed by the organizations: BitGo, Kyber Network and Ren. These organizations has great experience on the cryptomarket
- Wrapped Bitcoin is an ERC 20 token representing 1 bitcoin. Based on ethereum network it brings great liquidity to the WBTC token
- Ethereum node offers fast and secure transactions(Ethash pow)
- At the moment, WBTC token is occuping a good place on the cryptomarket ranking:19
- WBTC tokens are available to trade in a large number of exchanges
- Token has a high value with high trading volume
Cons
- WBTC website is very simple, little informations. I think the website needs needs a better fit and more wealth of elements
