Everything you need to know about Wrapped BTC (WBTC)

in #cryptocurrency5 years ago (edited)


images.jpg

You might have noticed new entry on CMC which is gaining traction and product of two major coins Bitcoin and Ethereum called Wrapped BTC.

Its ERC20 token residing on Ethereum blockcahin which is backed by real BTC. This could possibly help in providing more liquidity for decentralized exchanges because BTC pair are preferred most for trading. Transaction time is also significantly less in contrast with BTC.

Right now, many decentralized excahnged and dapps are using it like Ethfinex, Kyber, OX, IDEX, MakerDAO etc.

If SMTs are released and Bitcoin wrapper is made on Steem blockchain then it can have very positive effect on Steem price because you have zero fees and transaction time is almost instant.

Sort:  

Btc is always Btc. It has make it's position.
Let's see in near future.

Posted using Partiko Android

That's true

@bluemist hello dear friend. unaware of the existence of WTC is the first time I hear.
Hopefully you can interest our blockchain that would be very interesting.
I appreciate the information a lot
I wish you a great day

Hi, @bluemist!

You just got a 3.85% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Hi @bluemist!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.550 which ranks you at #566 across all Steem accounts.
Your rank has not changed in the last three days.

In our last Algorithmic Curation Round, consisting of 98 contributions, your post is ranked at #59.

Evaluation of your UA score:
  • You've built up a nice network.
  • You have already convinced some users to vote for your post, keep trying!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

Congratulations @bluemist! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You made more than 3000 comments. Your next target is to reach 3500 comments.

You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Engagement in here is off the charts :o

I still love you man for your stupidity of comparing $100 post with roughly $5 post ;)

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 62390.04
ETH 2455.58
USDT 1.00
SBD 2.66