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EDIT: This comment is entirely wrong! Disregard. Do note this isn't _real_ wrapped bitcoin. It's essentially a stablecoin which price matches a bitcoin; it is
by Laaas 4y ago
EDIT: This comment is entirely wrong! Disregard.
Do note this isn't _real_ wrapped bitcoin. It's essentially a stablecoin which price matches a bitcoin; it is not backed by any bitcoins unfortunately.
Real wrapped BTC would require a decentralised bridge which isn't exactly trivial.
- JVillella 4y agoWrong :) Look at the website.
- JeremyBanks 4y ago[dead]
- Laaas 4y agoFWIW it seems to be centralised, making use of a custodian, albeit it is backed by BTC as you say.
- JVillella 4y agoYes, that's right. It's like USDC in that sense.