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AshishNegi
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Do you get this
meme
, if yes then let's connect.
$FTT
and
$ICP
gang this is the guy responsible for these tokens to lose trust
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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ICP
10,854
-10.07%
FTT
2,7921
-17.80%
9.6k
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AshishNegi
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Do you know what's the difference between $BTC and $WBTC ? Understanding Wrapped Bitcoin (WBTC) and its Role in Interoperability Blockchains operate independently, meaning cryptocurrencies like Bitcoin (BTC) are native to their respective blockchains (in this case, the Bitcoin blockchain). This isolation presents a challenge for interoperability between different blockchain ecosystems. To bridge this gap, wrapped assets like Wrapped Bitcoin (WBTC) are introduced. WBTC represents a 1:1 value equivalent with BTC, but it exists on the Ethereum blockchain. This allows users to leverage the functionalities and applications of the Ethereum ecosystem while still holding the value of Bitcoin. A crucial aspect of wrapped assets is maintaining a finite and secure supply. To ensure this, a process known as "pegging" is employed. For every WBTC issued, an equal amount of BTC must be locked and held in a secure reserve on the Bitcoin blockchain. This 1:1 backing guarantees that the supply of WBTC remains tethered to the actual supply of BTC, preventing the risk of inflation or devaluation of the wrapped asset.
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I see #bitcoin is back below $100k! Seems like it's dead now and I'm glad I didn't buy into it. It's all a scam!
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$BTC is the future, the future is now!
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Do you know how $BTC and $WBTC are connected? comment below if it's a yes! let's share knowledge and make the world a better place! #WrappedTokens is a thing.
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What will happen first? $BTC will cross 100k again. $ETH will cross the 4000 USD mark again. $BNB will cross 1000 USD for the first time in history. comment below and let me know what you guys think, let's have a healthy and smart discussion together.
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