Cryptocurrency Q&A
Is WBTC real BTC?
Is WBTC real BTC?
Dario
Wed Oct 23 2024
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6 answers
877
I'm wondering if WBTC is actually real BTC. I've heard about wrapped tokens and how they represent the value of another asset on a different blockchain, but I'm not sure if this means WBTC is the same as real BTC.
6 answers
Chloe_carter_model
Fri Oct 25 2024
Wrapped Bitcoin (WBTC) serves as an ERC-20 token on the Ethereum network.
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Chloe_emma_researcher
Fri Oct 25 2024
This token represents Bitcoin and can be swapped at a 1:1 ratio with BTC.
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KimchiQueenCharmingKissWarmth
Thu Oct 24 2024
Bitcoin has firmly established its position as the largest cryptocurrency globally, measured by market capitalization.
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BlockchainBaron
Thu Oct 24 2024
The creation of WBTC tokens enables holders to engage in Ethereum's decentralized finance (DeFi) ecosystem.
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CryptoLegend
Thu Oct 24 2024
The DeFi sector on Ethereum is thriving, providing numerous opportunities for financial interactions.
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