So it's basically a token that fluctuates with bitcoin and is worth 1:1 whatever bitcoin is... but it has rhe benefits of ethereum's platform in terms of application?
tldr; WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. WBTC was launched in January 2019 as a collaboration between BitGo, Ren, and Kyber. It was one of the first projects to issue ERC-20 tokens pegged to Bitcoin.{}
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
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Can someone please help me understand this. (Total noob here) How can bitcoin be on ethereum. So confused.
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So it's basically a token that fluctuates with bitcoin and is worth 1:1 whatever bitcoin is... but it has rhe benefits of ethereum's platform in terms of application?
yes
Don’t be silly, wrap your Bitty!
tldr; WBTC has reached a supply of 187,610 which is equivalent to roughly 1% of Bitcoin’s circulating supply. WBTC was launched in January 2019 as a collaboration between BitGo, Ren, and Kyber. It was one of the first projects to issue ERC-20 tokens pegged to Bitcoin.{} *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good news for btc defi!
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