Mlc Posted October 28, 2018 #1 Posted October 28, 2018 Bitcoin and eth are coming together on one blockchain ? well it seems so with A new project called Wrapped Bitcoin (WBTC) will soon allow Bitcoin-backed tokens to be circulated on Ethereum. The token’s release has been scheduled for January 2019. It looks like WBTC isn't mined, it is minted and backed by a reserve of BTC tokens that are held by a custodian. As a result, the price of WBTC will be pegged to the price of Bitcoin, avoiding some of Ethereum’s volatility, Is this a good thing ? source https://unhashed.com/cryptocurrency-news/wbtc-bitcoin-backed-tokens-ethereum/
williamshennie9 Posted October 28, 2018 #2 Posted October 28, 2018 Well, I think it is a good thing for ETH. ETH is really struggling at the moment, many people are selling off their coins due to the continuous price decline.
Featured Comment
Archived
This topic is now archived and is closed to further replies.