Review on Wrapped Bitcoin by Crypto Currency 27
WRAPPED BTC
There is a general question as to whether BTC needs its clones to have more use cases, or whether BTC is good enough. It's hard to find an easy answer. I think I stick Usually . All custodians and resellers also own multi-signature to manage WBTC contract.Wrapped Bitcoin is an Ethereum-based token that is fixed 1: 1 to real Bitcoin. WBTC gives Bitcoin owners the chance to use applications built on Ethereum.
The closeness in their voting results may indicate an uncertainty about Wrapped Bitcoin. According to the authors who made the proposal, WBTC is seen as "unsuccessful" and not "unsafe".
Pros
- similar to bitcoin
Cons
- Works in ethereum network rather than blockchain network
