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What is Wrapped Bitcoin (WBTC)?

Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. In brief – WBTC is an Ethereum ERC-20 token that represents Bitcoin and can be swapped on a 1:1 basis for BTC. BTC holders can use WBTC to participate in Ethereum’s decentralized finance (DeFi) ecosystem. Bitcoin is the world’s first, largest, and… Read More