Wrapped BTC (WBTC)

Created by Arjun Rituraj, Modified on Sun, 26 Dec, 2021 at 7:30 PM by Arjun Rituraj

Project Description

Project name: Wrapped BTC

Token Ticker Name: WBTC

Token Total Supply: 222,392 WBTC

Website: https://wbtc.network/

White Paper: https://wbtc.network/assets/wrapped-tokens-whitepaper.pdf

Explorer: https://etherscan.io/token/0x2260fac5e5542a773aa44fbcfedf7c193bc2c599

Project Introduction

Wrapped Bitcoin (WBTC) is a tokenized Bitcoin (BTC) that operates on the Ethereum (ETH) blockchain. WBTC complies with ERC-20, the Ethereum blockchain's core compatibility standard, letting it completely integrate into the ecosystem of decentralized exchanges, crypto lending services, prediction markets, and other ERC-20-enabled decentralized finance (DeFi) apps. WBTC is likewise backed by Bitcoin at a 1:1 ratio through a network of constantly monitored merchants and custodians, assuring that its price is always matched to Bitcoin and allowing customers to transmit liquidity independently and autonomously between the BTC and ETH networks.