🗂️ Blockchain Industry | Cross-Chain Bridges
· Key point: WBTC is a wrapped token on Ethereum that represents Bitcoin. Each WBTC is backed by 1 Bitcoin held by a custodian.
· Why it matters: The value of wrapped assets depends on the bridge itself. If the assets locked on the source chain run into problems, the wrapped tokens on the target chain may lose their peg.
· Reminder: For large cross-chain transfers, try sending a small amount first, then transfer the rest once it arrives.
$ZRO 1.597(+9.23%)
#ZRO
· Key point: WBTC is a wrapped token on Ethereum that represents Bitcoin. Each WBTC is backed by 1 Bitcoin held by a custodian.
· Why it matters: The value of wrapped assets depends on the bridge itself. If the assets locked on the source chain run into problems, the wrapped tokens on the target chain may lose their peg.
· Reminder: For large cross-chain transfers, try sending a small amount first, then transfer the rest once it arrives.
$ZRO 1.597(+9.23%)
#ZRO
