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'Wrapping' a coin implies trusting some other person to not run away with them.

• charcircuit 4y ago
  You can easily create a smart contract that can wrap and unwrap tokens. This requires no extra trust.
  • polygamous_bat 4y ago
    If they exist in two different chains, they need a bridge which is very centralized.
  • pigeons 4y ago
    Trust in the contract code and execution environment