WBTC tokens are secured by the parent blockchain they run on — Ethereum. In turn, ETH is protected by the Ethash proof-of-work function, a representative of the Keccak family of hash functions.
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Wrapped Bitcoin (WBTC) is an ERC-20 token on the Ethereum blockchain that represents Bitcoin (BTC). It allows for the conversion between Bitcoin and Wrapped Bitcoin at a 1:1 ratio through WBTC partners.
Wrapped Bitcoin (wBTC) is gaining traction on the Pulse Chain. Join the discussion at https://t.me/wrappedbitcoinpulse.
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