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logoWrapped BitcoinWBTC Price#12
$107,517.39
Created with Pixso.0.82%
DescriptionWrapped Bitcoin, symbolized as WBTC, stands as a pivotal innovation bridging the vast liquidity of Bitcoin with the expansive capabilities of the Ethereum blockchain. It is an ERC-20 token that represents Bitcoin on the Ethereum network, making Bitcoin interoperable with Ethereum’s diverse ecosystem of decentralized applications, or dApps, and decentralized finance, or DeFi, protocols. The primary purpose of WBTC is to bring Bitcoin’s market capitalization into the DeFi space, allowing Bitcoin holders to utilize their assets for lending, borrowing, yield farming, and other complex financial operations without having to sell their BTC. Each WBTC token is 1:1 backed by actual Bitcoin held in a secure, verifiable reserve by a network of custodians and merchants. This ensures that for every WBTC in circulation, there is an equivalent amount of Bitcoin locked in a transparent, auditable vault. The process of wrapping Bitcoin involves a user sending their BTC to a merchant, who then initiates a minting request with a custodian. Upon verification, the custodian mints the equivalent amount of WBTC on the Ethereum blockchain and sends it to the user’s Ethereum address. Conversely, users can burn WBTC to redeem their underlying Bitcoin. This transparent and auditable process is crucial for maintaining trust and the peg between WBTC and BTC. WBTC has become an essential component of the DeFi landscape, enabling Bitcoin to act as collateral on various lending platforms, provide liquidity on decentralized exchanges, and participate in a wide array of tokenized financial products. By leveraging the programmability of Ethereum smart contracts, WBTC unlocks new utility for Bitcoin, enhancing its capital efficiency and expanding its reach beyond its native blockchain. It effectively allows Bitcoin holders to earn yield and engage with the cutting-edge financial innovations built on Ethereum, solidifying its role as a key element in the ongoing convergence of different blockchain networks.
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Whitepaper
fireTokenomics
boltBlockchain Info
miningMining Info
githubGitHub Info
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Detailed Analytics

fireTokenomics
Total Supply131,178 WBTC
Max Supply0 WBTC
Circulating Supply131,178 WBTC
PremineNo records found
Addresses Richer ThanNo records found
Top 100 RichestNo records found
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boltBlockchain Info
Mainnet / TestnetNo records found
Blocks CountNo records found
Blockchain SizeNo records found
Hardfork / SoftforkNo records found

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miningMining Info
Consensus MechanismNo records found
Masternodes SupportNo records found
Mining HardwareNo records found
Block TimeNo records found
Block RewardNo records found
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githubGitHub Info
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