Wrapped Bitcoin

<h4><strong>Blockchain developer Copper Beckville shared a long Twitter thread where he outlined the supposed negative implications of Wrapped Bitcoin (WBTC) on the Ethereum network. At the time of Copper&#39;s thread, WBTC was the third-largest token by market cap on Ethereum. The developer, however, believes that this could spell doom for the Ethereum community.</strong></h4><p>WBTC is an Ethereum-based ERC-20 token that symbolizes Bitcoin on the Ethereum network. WBTC&#39;s compatibility with Ethereum wallets, dApps, and smart contracts is a significant benefit. In addition to all these benefits, one Bitcoin can be changed to one Wrapped Bitcoin via a BTC partner.</p><p>Read the whole article <a href="https://www.altcoinbuzz.io/top-article/is-wbtc-bad-for-the-ethereum-network/" rel="noopener noreferrer nofollow">here</a>.</p>

Is WBTC Bad for the Ethereum Network?

Altcoin Buzz

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