Wrapped Bitcoin (wBTC) is a token that mirrors the value of Bitcoin (BTC) and is interoperable with decentralized applications built on the Ethereum network. Released in 2019, wrapped Bitcoin tracks the value of real Bitcoin, which means each wBTC token’s value has a one-to-one relationship with Bitcoin. Bitcoin and Ethereum have different protocols, so the…
The article Wrapped Bitcoin (wBTC): What It Is and How to Use It originally appeared on NerdWallet.
