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Wrapped Bitcoin (WBTC) is an ERC-20 token with a 1:1 peg to Bitcoin. This means that users can seamlessly convert their Bitcoin tokens to a wrapped version and use them on the Ethereum blockchain. In essence, WBTC succeeds in bringing the liquidity of Bitcoin over to the Ethereum network. So, why should you care? Well, if you’re a Bitcoin hodler, you can now put your BTC to work on Ethereum in places like decentralized finance (DeFi).
Being fully ERC-20 compliant means that WBTC can be integrated into decentralized exchanges (DEXs), lending protocols, prediction markets, and other decentralized applications (dApps). And since its value stays pegged to Bitcoin at all times, traditional Bitcoiners will no longer have to sell their stake for an unknown ERC-20 token that is prone to fluctuate.
The cryptocurrency sector is full of different coins, terms and concepts that can seem strange to a layman. However, there is no need to fret! Ivan on Tech Academy acts as your...
This year, some of the biggest developments in the cryptocurrency industry have been due to the uptick in decentralized finance (DeFi) platforms, offering many of the same services as the legacy financial institutions, but on-chain. This is why we are now breaking down the top 10 DeFi platforms according to the Defi Pulse listing.
There have been countless projects, some with huge success and popularity from users. In this article, we have collated the top 10 DeFi platforms as of the time of writing, from DeFi Pulse - the best place for tracking DeFi analytics and key metrics.
We have described a brief overview and background in addition to the services the platform provides. Moreover, welcome to Ivan on Tech Academy - the best place to learn about all things blockchain and crypto, and keeping up-to-date with the latest developments in the space.
In addition to the top 10 DeFi platforms that are hot right now, this also includes countless blockchain and cryptocurrency courses. Check...