What is Wrapped Bitcoin (WBTC) and Wrapped Ethereum (WETH)

Republished By Plato

Followers: 0

Do you want to trade one asset across a different blockchain to interact with its ecosystem? The good news is that there is a system in place that allows you to do that without having to sell your crypto and all while keeping its value. This is called the Wrapped Token, an ERC20 token in the Ethereum ecosystem. In this episode, I’m going to break down what exactly a Wrapped Token is, how it works with your crypto, how it can benefit you as a user and the interesting things that happen when it’s attached to BTC and ETH.

Dive in and learn all about Wrapped Bitcoin and Wrapped Ethereum.

“There are several advantages and one of them is the upgrade of decentralized financial activities with the Ethereum blockchain and the defi ecosystem.” – Crypto Travels Michael

—————————————–

The New to Crypto Podcast is designed to guide you through the crypto landscape with pinpoint accuracy. New episodes are added daily. Be sure to subscribe to the podcast and listen to all of the episodes to help you in your cryptocurrency journey.

I’d love to hear from you! Email me at show@newtocrypto.io and let’s chat.

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes

Disclaimer: New To Crypto is a podcast for entertainment purposes only. All opinions expressed by the hosts and guests should not be considered as financial advice. Views expressed by guests and the host do not reflect the views of the show. Listeners should perform their own research.