📚If you follow the blockchain industry and the digital currency market, it is unlikely that you have not heard of the term encapsulated tokens, or as they are known in English as

Wrapped token.

Definition:

Simply put, a wrapped token is an exact copy of the coin on its original network, but on a different network.

One of the most popular tokens covered is Wrapped Bitcoin (WBTC).

WBTC is tied 1:1 to the price of Bitcoin (BTC), such that WBTC must always equal one BTC.

But unlike BTC, WBTC is available as an ERC-20 or TRC-20 token, which means it can be used and traded on the Ethereum and Tron blockchains.

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Its importance in the field of blockchain:

Wrapped tokens like WBTC provide interoperability between blockchains so people can easily transfer assets and take advantage of features and applications found on other blockchains.

These advantages may be faster transaction times, or lower fees.

While the amount of WBTC in circulation is steadily increasing, bridges – a solution that allows you to encrypt your tokens to transfer them across the blockchain – have caught on.

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