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Wrapped Bitcoin Crypto Coin Rank 15
Website
127,245 WBTC

Wrapped Bitcoin
Wrapped Bitcoin
WBTC Coin Values WBTC

Wrapped Bitcoin valuesUSD Price
$ 48,981.30

Wrapped Bitcoin BTC Price
1.00

Wrapped Bitcoin 24h Vol
$ 146,578,448

Wrapped Bitcoin Market Cap
$ 6,232,634,347

24h Vol
3,003 BTC
1 H
-0.27 %
24 H
3.58 %
7 d
5.92 %
Today Wrapped Bitcoin price in US dollars is currently 48,981.30 USD, and if converted to Bitcoin is 1.00 BTC. A total of 127,245 WBTC are currently circulating in the Market. Wrapped Bitcoin price is currently experiencing a change of 3.58 %, and check here all cryptocurrency. Over the past 24 hours 1.466 M US dollars Wrapped Bitcoin have been traded on Crypto Exchanges. Get Wrapped Bitcoin's progress by adding it to your favourites and creating a free portfolio.
Full Name
Wrapped Bitcoin
Symbol
WBTC
Algorithm
Scrypt
BTC Price
1.00 BTC
BTC Market
127,680 BTC
BTC 24h Vol
3,003 BTC
Total Coins Mined
127,245 WBTC
1h
-0.27 %
24h
3.58 %
7d
5.92 %
WBTC Charts

Wrapped Bitcoin Price Charts

WBTC High/Low Price Chart

Wrapped Bitcoin Price High/Low Price Chart

Historical Data

Wrapped Bitcoin Crypto Technology

Markets

Wrapped Bitcoin Crypto Market

Description

Wrapped Bitcoin Crypto ICO Description

What is WBTC - Wrapped Bitcoin?

 

Wrapped Bitcoin or wBTC is an Ethereum blockchain-based ERC-20 token that is a converted version of bitcoin. It was founded in 2019 and can be used easily on Ethereum based decentralized platforms or networks.

wBTC helps bitcoin users to engage in yield farming and landing. The BTC and wBTC values are the same 1:1, mean 100 BTC converted to 100 wBTC.

 

Why Use wBTC?

 

Upon knowing about wBTC, you may wonder “Why you will use wBTC and convert BTC to wBTC.” Luckily there is a lot of significant reason for you.

Decentralized finance (DeFi) has blooming exceptional improvement on the Ethereum blockchain. On the other hand, wBTC provides interoperability between Ethereum and Bitcoin. It allows BTC users to engage in Ethereum’s fast-blooming ecosystem. And, for more information, ETH brings the biggest ecosystem on any Cryptos.

This grandiose platform includes monopolistic wallets, smart contracts, DEXs, Dapps and games.

Another important characteristic is greater liquidity. Also, it offers new functionality, scalability, staking, and more.

 

Key players in the WBTC ecosystem

 

Merchant: An institution or party like the republic, Merchants play a key role in the ordination, by burn or issue wrapped BTC.

Users: The holders of the wBTC. Users can transact and transfer it by using the Ethereum ecosystem. It seems any other DeFi ERC20 token.

Custodian: it plays a terrific role on wBTC. A party or an Institution like BitGo, who holds the crypto assets.

DAO members: DAO is a Board of Directors or governing body; they manage or responsible for the custodian and merchant addition - removal and contract changes.

 

WBTC Fees

 

It is important to know about fees before engaging with WBTC. Though there are no fees for transfer between the users but network fees are always existing. Also, there is 3 type of fees or 3 ways to earn fees for ecosystem throughout the process:

Custodian fees: Once the merchant burns or mints wrapped tokens, the custodian cut fees.

Merchant fees: When users use (transfer or exchange) tokens for the native asset, the merchant cut fees.

Sidechain fees: this is taken to protect spam. It usually Sidechain transaction fees. This fee is completely shared without differentiation between all entities who are a part of the sidechain node.

 

The future of Wrapped Bitcoin

 

As our research, the uses and affordability confirm that the hard work of developers expending this network. wBTC is a more complex system than other DeFi concepts.

The benefits of the complex system it will allow you to double stake your tokens. In this case, developers want to give staking prizes crypto rather than the DeFi tokens, mean, if a user stack wBTC but will get ETH directly as a reward.

 

Technology

Wrapped Bitcoin Crypto Technology

Sorry, detailed technology about Wrapped Bitcoin is not currently available

Features

Wrapped Bitcoin Crypto Features

Sorry, detailed features about Wrapped Bitcoin is not currently available


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