Bitcoin ERC-20 version: the crypto-root, due to its technical characteristics, is not compatible with the Ethereum platform. So we can't directly exchange BTC with the technical standard imposed by the Ethereum platform: ERC-20.

Wrapped Bitcoin intervenes at this point to bridge the two digital assets. The WBTC token is therefore an ERC-20 token on the basis of 1 WBTC : 1 BTC. So the ERC-20 WBTC token represents bitcoin on the Ethereum blockchain. We could imagine it as being a genuine bitcoin that is wrapped in a technical layer that allows it to be traded on Ethereum bitcoin.In this way, WBTC users can participate in the decentralized applications (Dapps) of DeFi (Decentralized Finance) with the equivalent of genuine bitcoin on the Ethereum blockchain.

 

 

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