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What is WBTC?

Bitcoin is the most recognizable cryptocurrency or digital asset in the world, but since the Bitcoin protocol doesn’t natively support general smart contracts, there isn’t an easy way to use it in decentralized finance (DeFi). WBTC is one solution to this problem. In this article we go into more detail about what exactly WBTC is, and why there is a need for it.
What is WBTC?
Trade WBTC and other forms of wrapped Bitcoin such as tBTC on Bitcoin.com’s multichain Verse DEX. Enjoy permissionless and non-custodial trading access to DeFi, with a special focus on newcomers. Safely and securely swap crypto with low fees, including cross-chain trading between BTC, BCH, ETH and more. Anyone can also earn yield by providing liquidity through Verse DEX Pools, and additional rewards through Verse Farms.

Table of Contents

  1. What is WBTC?
  2. What is the need for WBTC?
  3. How is WBTC created?
  4. Risks of Using WBTC
  5. Are there other types of wrapped Bitcoin besides WBTC?
  6. Conclusion
  7. Bitcoin Ecosystem Resources

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