#shorts #WBTC #crypto A lot gets left out in only 60 seconds. Check out cryptoslackers.com for crypto educational articles, info, and guides. Head over to cryptoslackers.com to join our Slack chat group and learn more about cryptocurrency and responsible investing. Please like and subscribe for more – and if you want a specific crypto project or topic explained in 60 seconds, let me know in the comments! Transcript: Bitcoin, which operates on the Bitcoin blockchain, cannot be easily transacted with on other blockchains, such as Ethereum. This problem is solved by “wrapping” Bitcoin into an ERC-20 token that functions freely on the Ethereum blockchain. When a user deposits BTC with a ‘merchant’, the merchant mints new WBTC for the user, and sends the deposited BTC to a 3rd party custo
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