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Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that lives on other blockchains (most commonly Ethereum). Essentially, WBTC is an ERC‑20 token that mirrors the value of Bitcoin, with each WBTC backed 1:1 by real BTC held in reserve. The main purpose of WBTC is to bring Bitcoin’s liquidity and value into the Ethereum (and other smart‐contract) ecosystem so that BTC holders can ...
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