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There’s wrapped BTC which is an eth network token “backed” by BTC. [1] https://wbtc.network/ https://wbtc.network/
by yellow_postit 4y ago
There’s wrapped BTC which is an eth network token “backed” by BTC.
[1] https://wbtc.network/ https://wbtc.network/
- bidirectional 4y agoWhy the scare quotes? It's all verifiably backed on chain.
- yellow_postit 4y agoFair question, the quotes are from my general unease with claims of being backed and audited in the crypto space — see Tether — means for now with crypto I assume these are marketing claims until there’s more meaningful regulation in multiple countries.