Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that represents Bitcoin on the Ethereum blockchain. The Wrapped Bitcoin Token (WBTC) is an ERC20 token that tracks the value of Bitcoin, and the first ERC20 token backed 1:1 with Bitcoin. Want Crypto? Get $10 Worth of Free Bitcoin ⇨ WBTC can be fully integrated into the Ethereum ecosystem of decentralized finance (DeFi) applications. Being on the Ethereum blockchain, WBTC has much faster transaction times compared to actual Bitcoins. Wrapped Bitcoin (WBTC) standardizes Bitcoin to the ERC20 format, creating smart contracts for Bitcoin and making it easier to write smart contracts that integrate Bitcoin transfers. DECENTRALIZED APPLICATIONS DAPPs can now leverage Bitcoin payments in smart contract
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