|80% - 2 reviews|
|Dr. Doom 268||rated:|
Dr. Doom posted on June 10, 2020 08:30:04
Reasonable compromise on decentralization to operate a fully backed bitcoin token on Ethereum. Fully legit cooperation between several crypto projects. Currently custody is performed only by 1 entity; ideally this should also be increased to multiple parties in order to obtain an optimal for decentralization. This project should be reasonably reliable to transact with if for whatever reason you need
mistergrin posted on September 27, 2019 19:24:34
WBTC is a great idea since it enables effectively using Bitcoin in and around the Ethereum ecosystem. That means Dapps, DEXs, exchanges, and wallets can all stick with Ethereum nodes but also draw from the liquidity and demand of Bitcoin. A fully verifiable and transparent process governs the minting, burning, and transfer of these WBTC ERC20 tokens for BTC.
This is a community-led
Get a weekly update on the best and worst projects right in your inbox.