Wrapped Bitcoin (WBTC) is a digital asset that operates on the Ethereum blockchain. It is a tokenized version of Bitcoin where each WBTC token is backed by an equal amount of Bitcoin held in a reserve. This allows Bitcoin to be used on the Ethereum network for trading, lending, and other decentralized finance (DeFi) applications. The entire process of creating WBTC is managed by a group of crypto custodians and relies on a trustless mechanism to ensure token holders have redeemable access to underlying Bitcoin.
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Wrapped Bitcoin is not audited by CertiK.
The information about this project is gathered from third parties sources, and CertiK does not guarantee the accuracy of the information. Conduct your own due diligence before deciding to use any info listed at this page.