What is Wrapped Bitcoin? - Crypto in Plain English - Episode 133 - by cryptohunt.it

What is Wrapped Bitcoin? - Crypto in Plain English - Episode 133 - by cryptohunt.it

What is Wrapped Bitcoin?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today, let’s take a look at a really interesting crossover of the two most popular blockchains: Wrapped Bitcoin.

Also found under its ticker WBTC, this token isn’t really it’s own currency, but in fact Bitcoin, but traded on Ethereum.

Sounds confusing? We are here to help. Each wrapped Bitcoin represents the value of one actual Bitcoin, but is tradeable on the Ethereum blockchain. You see, while Bitcoin is really just a currency, Ethereum is like a bank and you can transact any financial instrument there, thanks for its smart contracts.

But why would you want to do that in the first place? To get the best of both worlds. Bitcoin is the largest crypto currency by far, and people want to hold it as a store of value, similar to gold. But Bitcoin’s blockchain technology is very outdated at this point: It’s slow, and very expensive to operate. And we haven’t even talked about the climate impact yet!

That’s why the investors of Wrapped Bitcoin thought: What if we can trade Bitcoin on Ethereum, allowing us to own Bitcoin without dealing with its old technology. And it seems like that was a good idea - about 1.5% of Bitcoin are wrapped, a current total of $13bn dollars.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is a Bubble Token and why do these things keep bringing down crypto companies? - Crypto in Plain English - Episode 293 - by cryptohunt.it

What is a Bubble Token and why do these things keep bringing down crypto companies? - Crypto in Plain English - Episode 293 - by cryptohunt.it

What is a Bubble Token and why do these things keep bringing down crypto companies? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Today, let’s tal...

11 Marras 20223min

The full "behind the scenes" of what (probably) happened at FTX (part 2 of 3) - Crypto in Plain English - Episode 292 - by cryptohunt.it

The full "behind the scenes" of what (probably) happened at FTX (part 2 of 3) - Crypto in Plain English - Episode 292 - by cryptohunt.it

Welcome to the Cryptohunt jam, where we spend one minute ... … actually, today we are breaking with the format and will dig deep into what happened with FTX, and the nuclear bomb it set off in crypto ...

10 Marras 20227min

A crypto nuclear bomb just went off - Binance buys FTX (part 1 of 3) - Crypto in Plain English - Episode 291 - by cryptohunt.it

A crypto nuclear bomb just went off - Binance buys FTX (part 1 of 3) - Crypto in Plain English - Episode 291 - by cryptohunt.it

A crypto nuclear bomb just went off - Binance buys FTX (part 1 of 3) Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Today, a bomb of nuclear propor...

9 Marras 20223min

Where does the crypto in cryptocurrency come from? - Crypto in Plain English - Episode 290 - by cryptohunt.it

Where does the crypto in cryptocurrency come from? - Crypto in Plain English - Episode 290 - by cryptohunt.it

Where does the crypto in cryptocurrency come from? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. We talk about crypto all day, but have you ever w...

8 Marras 20222min

What is Gitcoin and how does it use Quadratic Funding? - Crypto in Plain English - Episode 289 - by cryptohunt.it

What is Gitcoin and how does it use Quadratic Funding? - Crypto in Plain English - Episode 289 - by cryptohunt.it

What is Gitcoin and how does it use Quadratic Funding? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Today, we take a short look at Gitcoin, which...

7 Marras 20223min

What are Radical Markets and what do they have to do with blockchains? - Crypto in Plain English - Episode 288 - by cryptohunt.it

What are Radical Markets and what do they have to do with blockchains? - Crypto in Plain English - Episode 288 - by cryptohunt.it

What are Radical Markets and what do they have to do with blockchains? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. Have you ever looked around a...

4 Marras 20223min

What does the US government think about crypto as a payment system? - Crypto in Plain English - Episode 287 - by cryptohunt.it

What does the US government think about crypto as a payment system? - Crypto in Plain English - Episode 287 - by cryptohunt.it

What does the US government think about crypto as a payment system? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. We’ve talked a lot about governm...

3 Marras 20222min

How does raising interest rates reduce inflation? - Crypto in Plain English - Episode 286 - by cryptohunt.it

How does raising interest rates reduce inflation? - Crypto in Plain English - Episode 286 - by cryptohunt.it

How does raising interest rates reduce inflation? Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. When the economy cools down, crypto prices usually...

2 Marras 20223min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rss-tarkeista-asioista-2
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-lahtijat
rss-rentotapaus
rss-sisalto-kuntoon
rss-seuraava-potilas
pomojen-suusta
sijoituspodi
rss-muutoksenanatomiaa-podcast
rss-uppoava-vn-laiva
rss-tyoelaman-timantteja