What is WBTC
Wrapped Bitcoin (WBTC) is Bitcoin that can be transacted across the Ethereum blockchain. Users can “wrap" Bitcoin into ERC-20 token standard using a specialized cryptocurrency wallet. The tokenized Bitcoin (WBTC) can then be transferred across the Ethereum network, allowing users to make payments within the Ethereum network, use Bitcoin for smart contracts, store Bitcoin in Ethereum wallets, or integrate ERC-20 wrapped Bitcoin across Ethereum Virtual Machine (EVM) compatible decentralized applications (DApps).
