Wrapped Bitcoin (WBTC) is a type of cryptocurrency that is created by wrapping one Bitcoin (BTC) with another cryptocurrency called Ether (ETH) on the Ethereum blockchain. This process is facilitated by a decentralized network of custodians, who hold the Bitcoin on behalf of the users.
WBTC aims to combine the stability and widespread adoption of Bitcoin with the flexibility and programmability of the Ethereum network. It enables Bitcoin holders to access various Ethereum-based decentralized applications (dApps) and services, such as decentralized finance (DeFi), without selling their Bitcoin.
By tokenizing Bitcoin on the Ethereum blockchain, WBTC allows BTC to be used in smart contracts, lending platforms, decentralized exchanges, and other Ethereum-based projects. It provides more liquidity to the Ethereum ecosystem and increases the interoperability between Bitcoin and other cryptocurrencies.
For those who want to download the Wrapped-Bitcoin logo, we have
compiled a list of all the major cryptocurrencies in PNG and SVG format. Our collection includes logos for Bitcoin,
Ethereum, Litecoin, Ripple, Dash, Monero, Zcash, and many more. All of them are available in PNG format. And if you
want to show support for one of the cryptocurrencies, our collection of logos is at your disposal, including
the Wrapped-Bitcoin logo.