Wrapped Bitcoin is a sought-after feature in the DeFi sector. These unique digital assets get created when a user transfers their Bitcoin onto another network, in most instances, Ethereum. WBTC is popular because it combines the best aspects of blockchains and enables traders to take advantage of the exciting DeFi features available today, while still retaining ownership of their precious Satoshis. Here’s why wrapped Bitcoin continues to
Meta1 Coin Report
It’s been over a decade since Satoshi Nakamoto released Bitcoin’s whitepaper and sparked the crypto revolution. Despite the time that has passed, the world is no closer to revealing the identity of this masked developer. One thing is for sure, many attempts have been made by everyone from journalists to governments to discover Nakamoto’s true identity.
What We Do Know
Thankfully, Nakamoto left behind a few clues to his intentions. For one, it’s obvious
The Lightning Network is a second-layer protocol that has been in the news a lot as of late. This off-chain network enables Bitcoiners to enjoy micropayments in near real time. Additionally, the technical structure of the network reduces fees to just a fraction of the cost of a normal Bitcoin transaction. Consequently, the Lightning Network has found many uses in today’s market.
For example, the network is ideal for high-volume Bitcoin transactions.
You may be surprised to learn that the digital currency revolution began many years before Bitcoin entered service. In fact, the race to create a more secure digital currency has long been a goal for developers and financial experts since the 80s. As such, history is littered with previous attempts to create cryptocurrencies.
Notably, Bitcoin can be thought of as a combination of these technologies rather than just some random new invention. As
Consensus protocols are a term used to describe the process of achieving validity on a decentralized network. These systems are what confirm new transactions and maintain records of the past. As such, they are a crucial component of every blockchain network.
There has been a lot of changes in the way decentralized networks remain secure since Bitcoin first introduced the world to blockchain technology 12 years ago. At that time, the Proof-of-Work
Since the birth of Bitcoin, the cryptocurrency space has been the go-to industry for hackers seeking to prey on and take advantage of the ignorance of novices.
They may have started by hacking into exchanges and stealing tokens. However, they’ve slowly, but steadily graduated. Hackers have moved beyond hacking individuals. They’ve moved on to institutions.
The transition to the “Big Guys” spells trouble for diehard traders and investors ranging
Bitcoin may be considered the granddaddy of all cryptocurrencies, but slowly and steadily, Ethereum is becoming the fan favorite.
This was the focus of a Benzinga survey conducted during late spring of 2021. When asked which of these leading cryptos would be the outperformer for 2021, traders and investors overwhelmingly chose Ethereum.
Here, we’ll examine the reasons investors and traders are putting more of their faith into Ethereum. We will